chris sacca is the founder of lower case capital. good morning. >> good to see you, carl. >> a lot of reports out. can you confirm any of them? >> i can't confirm anything, other than i'm highly confident we're going to get jack dorsey in the seat as the permanent ceo. >> if this is so obvious and to you it has been obvious for a long time. why did the board initially say otherwise? if you look at the history of the company, it's the outside board members who fired both of the founders from this company. yet again, i'm not shocked. i'm as upset as i have ever been, but i'm not shocked by the board continuing to screw it up. >> so, chris, if the board is the problem, it's not the board that's changing no matter who the ceo is, should that. >> is he great at building a talented board full of smart, successful, and challenging members to keep the company moving at its best. we don't have that at twitter right now. i think we're going to see that for sure. >> it's something to keep in mind that as much as jack and evan have been serving

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especially given what twitter is facing right now, and chris sacca, he has been a cheerleader for thepany. at the same time he said here are some things i think the company needs to do. he is arguing for leadership here, scott. >> do you think that twitter even with dorsey remains at stand-alone company, john, and sort of your gut tell you that they're going to be able to pull this off or is this something that is just prepared to be taken out? >> well, growth is the real challenge. >> not only does it continue growing or that people are skeptical that it could, but its acquisitions, instagram, and what's app. part of the pitch to those companies, looj, we have this growth hacking thing figured out. we can help you grow. reach global scale. i don't think you get jack dorsey back at the helm because you are addressing the company up for sale. there are certain kinds of ceos you can bring in from the outside if that's what you are looking to do. you have to expect that the company is expecting to give this a real push. at least for a couple of years. the question for me is does the boa

hady: just yesterday, we chris sacca on the show.e said investors should not count them out just yet. bastian: we have had a profit margin almost since we launched, for three and a half to four years now. in germany in the business school, the first order of business is to figure out if you have a profitable business or can have one. emily: you will be profitable in 2016? bastian: yes. emily: check out the full interview at bloomberg.com. now to 23 and me, the genetic testing company, just raised million in funding led by fidelity. the plan is to use that to expand its new drug discovery arm, which the company set up in march. now under the leadership of a former genentech veteran. according to a person close to the company, this round of a valuation of $1.1 billion. joining me now from mountain view for an exclusive interview, andy page, president of 23 and me. andy thank you for joining us. , a lot has changed since you and the fda had a bit of a standoff over what 23 and me should and should not be doing. so tell me what does 23 a

we are going to talk to outspoken chris sacca. we are also watching the potential for a square ipo in "q" 4, which appears to be happening sooner than we thought. originally, the board said we couldn't do both. there was a reference that dorsey remain or stay or become permanent ceo. what i had heard numerous times was, we can not allow that to happen along with him being ceo of square, particularly, as you mentioned, this is going to be a public company in the not too distant future. an odd thing having somebody running two companies in that way. clearly, it changed that opinion on the board. the fact that they haven't voted yet, take that for what it is. i had nothing to offer other than what i know from previously. they had said numerous times, no. i am not sure what it means for the search itself. it leads a lot of people to speculate, one company gets bought by someone or somehow the structure of having these two stand-alone companies changes. that fundamental change quite frequently. the idea they would go beyond more charac

i sat down with lowercase capital's billionaire founder chris sacca just days before twitter's di

we talked to chris sacca yesterday. he likes it. he thinks it's video-based.dvertisers will like it. >> moments he is really fascinating. it's a great product. it is -- it's something that people have been looking for. they want a more period experience. people come to twitter and they don't know where to go. the challenges you have apple news. you have facebook focussing on news. you have all these news app on your device. what is going to make moments different. i'm not sure if i've seen that yet. i think it's a really neat product, and i think that having human curators is going to be key to this. the goal is to get the 90% of people that are on twitter that don't tweet to start using the product, and i think this is a step in that direction. >> nick, good to see you. have fun at the summit. sounds like a blast. nick bilton, the "new york times". >> pure storage was the biggest venture-backed tech ipo this we're. it is trading down slightly 4.3%. ceo scott deeson this morning told cnbc, he called it a sideways market for ipo's and said the goop good compani

chris sacca criticized board members on this program yesterday. at do you expect after this announcement from the board? >> i suspect there's going to be change, but not immediately. i know chris called for them stepping down, and there's a lot of investor eyre at some of them. if you do -- to be fair, the microsoft ceo search took six months, and then they ended up picking up the insider, and there were tons of names floated. in this case they did look outside the company. there is another ceo candidate that is called plan b that they've talked to, and they've talked to a number of people, and i have talked to many of the people they've talked to. most of them felt like it wasn't -- they didn't go far in the discussions, and they were all incredibly credible people who they talked to that i spoke to. i think they did -- they are making an attempt to do the best search possible. dwoent remember the search for microsoft's ceo. people forget these kinds of things. >> i wonder if you can put a finer point on whatsoever time frame we're looking at here

. >> chris sacca joins us now, he is founder and chairman of lowercase capital and he has been vocal in his desire for jack dorsey to return. now he is turning his attention to changes on the board. thanks for joining us. >> sure. it's always fun to be called vocal. >> vocal, outspoken, we have our range of adjectives to choose with fr with you. you were most critical of peter curry on the board who yesterday on the conference call sounded an awful lot like an ambassador for the board. what did you make of the conference call and where peter curry's position is in this whole matter? >> i just -- i completely respect a board who wanted to go through a process and the traditional sense. that would apply and be effective in most companies. here we knew the outcome was inevitable. we knew there was one person suited to run this company. he was already running it doing a great job and we needed to get past this and remove this cloud that was looming over the company. that's what was frustrating me, other investors, members of the management team, employees, just the entire world. >> when