back to my interview with twitter ceo dick costolo. ter recently posted google maps director demographic -- dan graf, i asked costolo how he sees graf working with footer's coo and himself. ondan will be working consumer products. he was director of product for google maps. you have a great consumer, what everyone would agree is a atderful consumer product scale on the ios and android platforms. daniel has been the ceo of a startup. i love the entrepreneurial spirit. what you will see is dana ali and tied to implement the strategy we have already laid out and bring the entrepreneurial spirit to the team and probably come up with a bunch of his own ideas. >> when you talk about getting users engaged, a lot of twitter is one way communication. to be fully engaged, you have to tweet. >> the majority of active users on twitter tweet. there have been some strange third-party reports that have gotten that wrong. the majority of active users tweet. we scale and continue to grow. users 14 million net new in the first quarter, it will likely be

back to my interview with twitter ceo dick costolo.recently coax google maps director over to twitter. sees himselfow he working together with the twitter coo and himself. >> daniel will be working with on the consumer product. he was the director of product for google maps. i think we have a wonderful consumer product that has scale ios and the android platform. daniel, i love his entrepreneurial spirit that will amplify and to the consumer product. i think you will see daniel coming in and working with ali implement they product strategy we have laid out and bring the entrepreneurial spirit to the team and probably come up with a bunch of his own ideas that we will let him run with. >> when you talk about getting users more engaged, a lot of twitter is still one way communication. be fully engaged, you feel you have to tweak? >> the majority of active users on twitter tweet. there have been some strange third party reports that have gotten that wrong. the majority of active users on twitter tweet. secondly, as we scale and grow, addi

dick costolo is with me.n a moment we'll talk about the quarter, talk about everything that happened in the course of that quarter and, of course, stock poised to open lower today as people are focusing on -- on that user growth. we'll get to it with dick in just a minute. >> yes. in fact, an important interview. twitter reporting better than expected first-quarter results. revenue more than doubled but as carl referenced stock down sharply after user growth short of wall street forecasts. jim, we're going to hear from the man himself and entertain many of the key questions investors have this morning. in speaking to a couple shareholders or former shareholders user growth continues to be at the center of concern. we've been mentioning since the company went public which wasn't that long ago. >> right. >> with dick costolo when he was on set that day when it went public behind us, but there is -- people want to know, what was the growth rate in users in terms of during the quarter, february to march, trying t

on wednesday i will be interviewing twitter ceo dick costolo.will be talking about their efforts to attract more mainstream users, its new ad network, and much more. don't miss my interview with dick costolo coming up this wednesday. now to the security flaw exposed earlier this month, heartbleed. it has some tech giant coming together to fund improvements in open-source programs. cori, this is interesting. people tell me that all of these bugs could compromise the future of open source and whether it exists at all. >> it is an interesting story and not easy to say, heartbleed bug. heartbleed bug. the organization has a new innovation because of this heartbleed bug. the director of the linux foundation is now with me. open ssl has not received a lot of financial support like lennox, for example. -- linux, for example. >> that is right, a typical market failure. if you look at linux, an important project that has received a lot of funding and is an important part of society. open ssl is also an important part of internet security, but for some re

talk into the ceo dick costolo.'t miss that at 11:00. ♪ >> live from bloomberg headquarters in new york, this with erikmakers" schatzker and stephanie ruhle. >> i am matt miller. i am scarlet fu. eric and stephanie on assignment and will be stuck with us tomorrow, too. commercial real estate is a hot commodity these days and no better face to witness the booming market than right here in the big apple. we sat down with jonathan pollack, the global head of commercial real estate at which a bank. -- duetsche bank. >> in the new york area we are very involved. 17 million square feet over the next 5-6 years. we just announced a platform for them where they will build all that. we never run out of things to do there. very act. the number one issue were of commercial mortgage-backed securities. one thing that has helped us get to that place in the markets we have a number of the trophy buildings in manhattan. madison. >> what do you think about the hudson yard development. so massive. some people worried it is too frothy.

i go to dick costolo. >> what you go to them about? >> each one of them is different.ng as my executive at this point. he has grown so much in the last four years. it is unbelievable. we meet every wednesday. you know, very specific questions. jelly for a year. what do you think i should do? should i offer more money? what would you do in that situation? sometimes it is specific and sometimes it is high-level. it is a walk and talk. we joke around. because anteresting, lot of the assumptions about the downing of twitter were questioned. what we are the new. is a marketingck genius. how do you respond? >> jack is a very talented marketing guy. look at square. it is amazing and it is taking off. >> what about product? >> is great product. he is an artist at heart. he thinks abstractly about product. maybe that is where the confusion lies. when he first describes square to me and i invested in it, which i'm glad about that, he talked about -- really? payments? are a form of social interaction. we do it every single day. we look at another person in the eye and we give the

dick costolo knows he has a problem. he has hinted at changers to the user experience to make it easier for users to share photos. here is what he said yesterday with bloomberg. we are working to increase the value of the login experience. they need to find new users and have the users who are there be a little more active. when you look at their advertising, they have most of their users outside the u.s. 80% of their revenue comes from inside the u.s. one part where they did have is 80%,d numbers -- it excuse me. i got those numbers confused. facebook is just 50%. overall, disappointing numbers and we will see what happens when it opens later today. >> give us some of the good news. gettingmentioning eroded by the instagrams and snapchats of this world. >> the good news is that if you look at where there is opportunity for growth, that is sales growth, that is a broad. most of the revenues are coming in from the states. they can hire a sales force to sell more ads, but fundamentally, people are not staying on twitter lo

don't forget, dick costolo is on "squawk on the street" at 9:00 eastern, the ceo of twitter. >>> that'shange." up next, "squawk box." have a profitable day. sfx: bing. >>who's got two hooves and just got a claim status update from geico? this guy, that's who. sfx: bing. and i just got a...oh no, that's mom. sorry. claim status updates. just a tap away on the geico app. >>> good morning and welcome to "squawk box." alstom accepting an offer from general electric. but maybe the door is open a crack. >>> twitter disappoints and the stock takes a hit. we'll be tweeting about that but they won't be making any money from our tweets. >>> the markets gear up for big data points and a fed decision. it's wednesday, april 30th, 2014. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our top story, france's alstom says it is backing an offer from general electric for its energy business. ge's offer for alstom's thermal power renewable power and grid businesses totaled $16.9 billion. alstom

now, on "squawk on the street" this morning, ceo dick costolo said he wasn't very concerned. >> timelinews multiplied by engagements are way up. so i'm really happy with engagement. i don't see any issue there. >> all right. so twitter is now below its opening ipo price of $45 a share, a real milestone for those investors who got in around the ipo, scott. back over to you. >> yeah, dom, thanks. great. dick says he's not concerned. well, the chart says that the market is. weiss, what's your read here? user growth is a huge concern, apparently, today. cramer made a statement this morning that there's no clear path to profitability. i think it's a fair read of the situation. what do you do? >> i agree with that. and i put in my playbook momentarily, was turned out a nice trade, took it out, because it felled. this is a momentum stock. at the end of the day, that's what it is. you cannot just buy valuation. the company's missed first two quarters out of the gate. that should be a death blow for any company that they can't guide the street appropriately, when you have the best look you'll eve

. -- dick costolo. is sam suns dominance in the smartphone -- samsung dominance coming to an end? what just on bloomberg.com, streaming on your smug -- smartphone and tablets and apple tv. ♪ >> welcome back. i am emily chang. samsung out with first-quarter earnings and sales overall gaming three percent. but profit fell three percent to eight point $2 billion. and, they posted the lowest sales in its mobile phone business in five quarters. johnson joins me and also brian blair on the phone. the saturation or competition? >> i think it is a little bit of both. we have seen things slowing down at the high end of the smartphone market. there definitely is a competitive element because especially in places like greater china and asia you see players really coming in strong right now at the low end. i think they are getting hit on both sides. >> one number really surprised me, how much samsung counts on mobile for revenue, like 76% of sale? >> that is right. from a sales basis, 54,000,000,000,001 and 32 of that came from mobile. this is the engine driving samsung. the other areas have

i sit down with dick costolo while facebook and google are buying robot companies, he shares his vision why there is a disconnect between what twitter thinks its future is an walre

ceo dick costolo on disappointment. ♪ >> today in tech, twitters tumble.ore than 140 characters to explain this one. well they did post fourth-quarter results that the estimates for sales and profits, the fact is, shares plunged because news customers are not signing up as fast. bloomberg west anchor emily chang spoke with the ceo about the disconnect between twitter's and wall street expectations. >> and we talked the day of the ipo i told you i'm a we have a lot of work to do. we know what we need to do to take the mainstream understanding of twitter as part of the culture of the world and helping the people understand the additional value of the additional benefit of it. we have a lot of work to do we started on and love the early progress starting to show great results in q1 but needs to continue the rest of the year on building on the things we have done to make it ever easier to use in bridge the gap of awareness and engagement on twitter. >> the results are strong. why are they focusing on this one number? >> i think it is incumbent upon me as a ceo

the programming no pre-bloomberg will be speaking with chief executive of twitter, dick costolo. turn in tomorrow on market makers on bloomberg television. coming up, the fashion industry could be seeing a return of supermodels. "marie claire" says yes. more trends, next. ♪ >> first, introducing you to nina garcia. one of the most powerful fashion voices in the world. she is celebrating five years at "marie claire." the magazine has five different covers for its may issue. she is a curator for the company, she is a judge on lifetime television's "project runway." thank you very much for being here. five years for "marie claire." >> five wonderful years. >> is that an eternity in the fashion world? >> it is. you said it. it is a wonderful time. "marie claire" is a leading magazine. personally, it was to have it be exceeding expectations. i think that we have. we think creatively. we offer women solutions for real problems. >> i want to get to that before we get into the world of high fashion and supermodels and so on. fashion and is one thing. clothing and apparel can sometimes be

guests, thank you both comments, and don't forget, i will be having an interview tomorrow with dick costolo, the ceo of twitter. ♪ ♪ >> welcome back to "bloomberg west." i am emily chang. samsung is out with first-quarter earnings, sales gaining 2.3%, but profit fell 3%, $8.2 billion, and samsung posted its lowest sale in its mobile phone business in five quarters. cory johnson is with us in the studio, and brian blair is with us on the phone. so, brian, is this saturation, or is this competition? >> i think it is a little bit of both. we saw some of this last year, and i think things are slowing down in the smartphone market, but there definitely is a competitive aspect, because in china, a lot of asian, you are seeing others coming in strong at the low end, so i think they are getting hit on both sides. >> and one thing that really surprised me, how much samsung counts on mobile. something like 76%? >> that is right. it is three quarters of their operating profit, but from a sales point, about 32 of their money came from mobile, so this is the engine that has been driving samsung. semi co

i go to dick costolo. jack is a must been serving as my executive coach at this point.has grown so much in the last four years, it is unbelievable. we meet every wednesday socially in between. for specific questions -- very specific questions. i asked him what he would do in this situation. sometimes a specific and sometimes very high-level. it is just a walk and talk. sometimes we just joke around. >> is interesting because nick felton spoke about twitter really questions a lot of the assumptions about the founding of twitter and what we already knew. he says jack is more of a marketing genius. how do you respond to that? >> jack is very talented at marketing. look at square. it is just taking off. >> what about products? >> he's great at product. jack is an artist at heart. he thinks for a abstractly about product. maybe that is where the confusion lies, because when he first described square to me, and i invested in it, which i am very glad about, he talked about payments. why payments? he said payments are a form of social interaction. we do it every single day. we

a quick programming note, john donahoe will be on "squawk box" later, twitter's ceo, dick costolo will also be making an appearance. that's all on "squawk on the street." >> this is "squawk box." that's "squawk on the street." we're all one big happy family. >> i'll call it the joey, it's as joey is to "friends." it's the spinoff. >> it is? >> apple, tapping the bond market as the company takes on 12 billion in debt to fund its shareholder return program. the maker of the iphone and ipad if you didn't know. that's like a throwaway line, isn't it? finding it, a cheaper way to reward its shareholders rather than repatriating overseas cash. every story that we've reported on in the last week has been about avoiding the high taxes relative taxes in the united states for corporations. apple has reported $151 billion in cash with a majority of it held offshore. you know what obama will do, he's not going to address the inequity to the rest of the world, he'll make sure you need 50% instead of 20% so you can leave. they'll force you. but you'll pay taxes here. >> these aren't golden handcuffs

futures -3, dow futures -8. .aybe it was not a failed dick costolo on "market makers" at 11:00 a.m.ome sporting charts on the migration of users at twitter he will discuss on "market makers" this morning. >> let's stay with the idea of twitter, the number of users increased last quarter by 25%, sounds great. not good enough for investors. in the fourth quarter, twitter grew its membership base by 30%. the deceleration has everyone concerned. membership and twitter overall, 250 5 million monthly active users. that sounds pretty impressive but it is 1/5 the size of facebook's base. it has a long way to go to print it is a mainstream school. twitter needs to prove it is more than a niche product. mainstreaml for users and can gain mass appeal and turn it into an advertising powerhouse. there's the first derivative. that is a great chart. the declining rate of growth. >> that says it all. >> "business insider" had two great charts on this. you mentioned brian wheezer this morning. >> he is pivotal. he made some interesting see user whenever you growth slowing -- look at the emerging mar

of course be sure to tune in tomorrow when twitter's ceo dick costolo will join us live for a first ontwitter tweet us with the #asktwitter with your questions for cos toe lo, tomorrow at 9:00 eastern. >> straight ahead container store shares are falling sharply. the company blaming harsh winter weather for a difficult fourth quarter. the company's ceo and cfo will join us live for the first reaction to the results after the break. at your ford dealer think? they think about tires. and what they've been through lately. polar vortexes, road construction, and gaping potholes. so with all that behind you, you might want to make sure you're safe and in control. ford technicians are ready to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card at the big tire event. see what the ford experts think about your tires. at your ford dealer. [ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪ ...who work with portfolio management experts, that's