Dick Costolo: belief

Transcript context

…You talked about that $40 whisper in your ear while you're on CNBC and then it almost doubles again in the next six weeks. Just wild. Of course, it has a six month crash back down to basically the IPO price or a little bit below from there because there's just so much hype around the company at that point. I think one of the interesting things that happened was we're pretty confident about our financials. We were just like, look, the work we got to do is driving MAU growth. It worked. I missed that on CNBC that morning. They were like, oh, congratulations, a really well-run IPO. It's like, man, we got a lot of work to do. I said it during the roadshow over and over again. I think I said, man, we got a lot of work to do, like four times that morning on TV. Then, we did. I thought we were going to get more credit for our outsized financial results. People would go like, okay, they didn't grow users as much as we wanted to this quarter, but boy, they really crushed it on the financial results. We're going to give them some leeway here. It became clear after the first quarterly call that we were going to be judged almost exclusively on user numbers, quarter to quarter on the big MAU number that was on the S-1 we talked about all the time compared to Facebook's MAUs and all that stuff. Yeah. I can imagine the narrative of people that were buying the stock at those prices, it was, hey, this is the next Facebook story. This is going to get to 2 billion users. That's the only way you would justify that, right?…

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