mr. costolo so far.his is a company that has a great internet reach, it has a great product, a good application, and they've been at times unable to get out of their own way. so the removal of mr. costolo is obviously good for the stock so far and probably good for the long-term health of the company. i eventually think twitter is going to be purchased, and i think with mr. costolo out of the picture, this opens it up to happening sooner than later. melissa: by what kind of company? >> i think you're looking at a google, potentially a facebook, some strategic alliance that looks to build on the already killer brand they have because that's what twitter has. it just hasn't been able to turn that into true money and, again, i think that's left up to management problems. david: i want to ask charlie about that. have you heard anything from the bankers who are interested in twitter, particularly jamie dimon, about who it might be sold to and what role he might play in that? >> i mean, listen, think of big te

mr. costolo will continue to serve on twitter's board plchlt. mr.y will serve on the square incorporated he was part of the founding group of in 2009. we'll mine this 8-k for any other nuggets. jack dorsey is coming back as ceo, as mr. costolo steps down. though he will remain on the board. >> thank you. julia boorstin just had a discussion with jack. he was asked about twitter. people have been asked about twitter. guy, what do you think this means for twitter? how would you trade the news? >> stay long against $35. i think it's unfortunate. i'm not comparing twitter with facebook. i want to make that point. i will make this comparison. in 2012 if you recall, everybody categorically was calling for the head of ceo mark zuckerberg. i think this is growing pains with twitter. i think if he remained there, they would have figured this out. he is a smart guy. it's unfortunate. the stock against $35 with this news is probably interesting on the long side. >> i understand we are speculating. how does this affect their future as a stand-alone company vers

mr. costolo at the time. now it's out there and july 1, of course, they transition to the interim ceo mr. dorsey and able to under take a broad ranging search for a full-time successor to mr. costolo who again fact said it's time for him to go. >> yeah, i mean, people and investor haves been calling for his head, david, for quite sometime so it is easy to imagine that he is, in fact, tired at this point. you mentioned before he communicated intentions to the board earlier this year, does that imply that the board actually wanted him to stay on? >> my understanding is that he at least made it clear he was thinking about a departure and mentioned that to the board. i don't believe he made it clear to step down until more recently, and so i do believe, you do wonder whether the board might have been able to perhaps get a beat on this and get a little bit more out ahead of it but clearly, they were, they were at least warned that it might be a possibility. again, based on the conversations i've had with people fam

mr. costolo does not have? david: it is a company that is a little bit directionless at this moment. jack brings the founder vision. at least temporarily. there is a lot of con fusion and myths ofonfusion and the origins of twitter. jack is really be most definitive creator of the product. he may be able to figure out where goes better than others. pimm: what is wrong with twitter now? burdeneditter has been with false expectations since the beginning. facebook-scale business. that is an accurate discussion. force, it is vastly more important than as a business. the challenge that a leader house, whether jack or someone else, is to somehow make the withess opportunity lineup its cultural influence. i don't think it is impossible. on the other hand, it will never towards a system like facebook. scarlet: that makes the delicate remaining of the stock will be inevitable. always thought it was overvalued from the beginning. 's first task is to reset expectations, and tell wall street that their are high.n david: you cannot talk down your investors. scarlet: that is a dilemma. it is so pr

mr. costolo as a ceo, what they're hearing, what they believe is that twitter would be open for a sale at this point. remember in the past it refused the sale to facebook and google from what i understand, rejected the sales. it is open under the right circumstances and the right prices. we should point out some of this is not what they're hearing inside the company, it's tea leaf reading. mr. dorsey comes back as interim ceo, if they are planning succession, you have that lined up. number two is mr. nodo. the cfo. liz: who came from goldman sachs. >> who is a deal maker. and my sources are the type of people who talk to mr. nodo on a daily basis. the company did not return, did not commend on, this but these are my wall street sources. liz: what's the worst nightmare that they can't stand alone? >> this is the thing, the thinking is if twitter does not sell to like a google or facebook, which could use -- make use of them and work with them, that the plan then is to go at it alone, that's what wall street believes. liz: you think regulators would approve a facebook-twitter? >> sounds ant

mr. costolo before he left last week.view is they'll figure it out at some point, and it could be sold. and the long view says that this thing is, obviously, better than a $35 -- liz: we've talked about regulatory problems if google or facebook wanted to buy it. >> i think facebook there's a regulatory problem, but i don't think there's an issue with google. anyway, there's a battle. the longs have been winning since our report, okay? the stock has been going up. that report about the notion that wall street is telling people that this thing could be bought, the management is open to it stopped the downward drift of the stock. liz: let's bring in brian zazi and paul vienna of the "wall street journal." brian, to whom is it most attractive if it were to be purchased? >> i think it's google or facebook because what twitter is trying to do, they are trying to become a shopping mall. they want to put buttons in their feeds, go directly through them and be taken to, let's say, a macy's or a jcpenney. to charlie's point, twitte

mr. costolo was thinking about stepping down early this year, and i wonder why a board once you've heardour ceo would not in some way figure out a way to go about it where you didn't -- you would have come public but perhaps pressure them to step aside. they said there were a lot of things they wanted to accomplish and they said they had during the sixth months cost low stayed on. >> if you know a guy is to be or not to be that is the question. this is not hamlet. >> twitter the 7 years old. boeing is 100. beginning at p and g, and boeing. >> i think what the analysts are really looking for because i think most of them think we have a winning hand the company has been doing well. the future is bright if we execute. i think that the source of reassurance that they can draw on is that we have crafted that strategy together. >> by the way, i was also thinking big departures in q 2. mcnerney, costolo, her dockmurdoch, chambers. >> those who want a sense of history, go to the boeing wing of the museum. you'll see what jim is capable of doing. telling the boeing story. maybe boeing, the most i

mr. costolo said that the business is extraordinarily healthy and that the strategy has been in place andrking. is he right? >> no. i mean you can look at what's happened at twitter over the past several years and say, the business isn't quite working. even just last quarter, they had some issues with direct response. before that they had some problems with integration with ios 8. so no. i think part of what he was saying is the management team in place is the best it's been after going through five or six product heads in the past five or six years. you would hope that's the case. but, the story that they're telling, the face this they're putting on things doesn't quite match the reality that some people inside the company and certainly some investors outside the company have seen and that's even reflected in how costolo himself talked about his tenure at the company. he certainly didn't ever imply that he was on his way out this soon when he talked about the board and i are in complete alignment. well, i guess they are in alignment in him staying until they're in alignment about limb go

costolo if he had the support of the board. let's take a listen to what he had to say about being a leader. mr. costello: the challenge that we have, the distance between the awareness of twitter and engagement on twitter. i don't get why i would use it, so i don't get what it's for. i deeply feel that the platform is the very best way to connect in real-time to what is happening in your world. amalie: twitter is the very best way to connect to your world. this amazing thing i am watching right now, live broadcasting live video, are going to be the future of the platform. emily: looking at twitter from the outside what is your take on this? guest: it is interesting that i happen to be here today total coincidence. these kinds of transitions, these kinds of dislocations take everybody by surprise and their can be public comments leading up to this that can be completely introductory to what ends up happening. there are really ticked -- really tricky things on the inside but the more important part is now communication starts. you've got to reassure investors. you need to reassure employees. emil

costolo. big time twitter investor, ben at that legal should look for -- should get somebody else to take over but now full support of mr. has 25% stake. neil has more, with "coast to coast" continues in a moment. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell about done. ahh, you're good. i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business. neil: little bit more than an hour away from jeb bush making it official. he already filed paperwork with the federal election commission to run for president. if so he would be the third bush to do so. he would represent the 7th attempt of a bush family member set would be last, 35 years, think of that. all right, one of the things it says, we will make every opportunity great again. we'll