Twitter shares near all-time high but billionaire founder Jack Dorsey couldn't care less
Twitter shares climbed to a near all-time high in New York trading yesterday as investors cheered a series of new products introduced by the social media giant.
The stock jumped by more than 9 per cent to $49- rallying ahead of rivals Facebook and Google- and hovering around it's all-time high of $50.
But Twitter founder Jack Dorsey couldn't care less since he "never" checks the stock price.
"Actually it's not something I pay attention to at all. We have an entire company of brilliant people making the service every single day," he told CNN's Piers Morgan in a television interview.
"It's not the leading indicator of success. The leading indicator of success is people finding value on the service, using it."
The British presenter then boasted about having more followers than the founder of Twitter himself.
"Are you aware of how many I have? 3.8 million. Nearly double the founder of Twitter, you have no idea how satisfying that it," he said.
"The nice about Twittter is that it is inherently public and there is an understanding that when they tweet something the world sees it"
His comments come after eight of the world’s leading technology companies, including Apple, Microsoft, Facebook, Google, Yahoo and Twitter, called on the US government to implement sweeping reforms to the country’s surveillance policy in an open letter.
The group said they understood the government's concerns and duty to protect its citizens but insisted that Edward Snowden's spying revelations highlighted the "urgent need to reform government surveillance practices" worldwide.
“The balance in many countries has tipped too far in favour of the state and away from the rights of the individual — rights that are enshrined in our Constitution. This undermines the freedoms we all cherish. It’s time for a change,” wrote the group in an open letter published on Monday.
Watch clips from Jack Dorsey's interview below:
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Millions of Britons struggling to feed themselves and facing malnourishment
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...