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Twitter okay not publicly traded right apparently reevaluating.
Its IPO plans after Facebook's debacle just a few months ago.
Everybody's been asking for so long when asked what are going public we just had Jack Dorsey of course one of the co founders of -- -- what are you going public but.
Really the question becomes does Charlie know what are the social media firms plan I'm hearing as well.
I will say that Jack Dorsey unlike Sheryl Sandburg CEO of FaceBook unlike Zuckerberg -- CEO Mark Zuckerberg FaceBook.
Does impress Wall Street guys why -- -- Because he's not -- -- just to roll out an IPO he's not out there with out a plan that's the whole thing what was Facebook's problem.
Interior -- revenue growth -- -- profit growth.
Obviously had do something different there was no plan.
Institutional investors knew that they didn't buy the stock the little guy bought the stock got screwed -- to some -- -- later as I get an earlier -- on that but.
Twitter is learning from this is what we're hearing from sources close to mr.
Dorsey close to the company they're telling us that he he's -- basically reevaluated.
He's -- he would have done it sooner.
You know who knows -- but re evaluated those plans to bring Twitter if public.
In the face of what's going on with the with FaceBook the face of what's going -- -- -- -- like that with the word for it.
-- -- what does that mean that means he wants to figure out a growth strategy before.
He actually goes public about when will he go public the big 64000 no question.
I can tell you this I've talked to someone close to the company here.
They say it could be years you know the notion of -- year seems to be at least what they're dealing with they're not Russian this thing out.
They're talking like you know close -- year -- and clearly months away.
And you know JPMorgan we should point out is advising my -- -- -- -- -- -- in this thing Jamie Dimon is specifically in -- and advising mister Dorsey so this guy is out there he you know that we -- -- what is their business market -- -- -- twittered the oxygen monitor all the time.
I really as a journalist can't live without twits and it's it quick and dirty.
News feed you get a lot of stuff I put -- the Fox Business stuff for America Fox Business as a very active Twitter right -- Charlie is at CE Gasparino.
And I'm apple is clan right what this eternally cast.
As I've always had if it's -- -- -- my Google emails and that's why used to put.
And that's -- signed up -- I mean it's an agency they Amman this alive but you know.
These guys know that they have a -- product.
But they also know they have to monetize it and you need a plan to show growth and one of the problems that Sheryl Sandburg as.
And Mark Zuckerberg is they have -- -- I mean I think one -- about FaceBook right now it is a company that is lost complete favorable she now.
You're if you hate Wall Street is a lot of and I'll -- I was a lot of conservatives -- we've Wall Street to Tea Party types.
Wall Street -- -- because they evaluate stocks and by the -- Wall Street is also the big institutional investors and big investors.
And they don't have to be Sheryl Sandberg and FaceBook does not have the confidence and and we'll tell -- this I know for a fact I don't care what FaceBook goes I know for fact shall Samberg had a meeting would have recently with an institutional investor very prominent institution mr.
If they were talking about why they price the deal so I was a very richly priced deal at 38 -- spike initially to maybe 45 minutes but all the way down since.
Yes what you do that what -- do -- at the high yet why do you know why you know why soliciting your other question.
She said in this is interest -- and shows her lack.
I think of sophistication about that -- -- we price on the on nine as we want flippers we don't want to Wall Street traders to look that'd make a quick buck when it right when it rose up.
Well guess what when you screw over flippers who was Grover small investors who like that nice little pop I wanna -- still hold out of the stock.
But hold onto and at a decent level -- -- made a few bucks.
And what she also couldn't explain according to some what I know that the firsthand knowledge of this conversation.
She could explain why it's okay.
For the Peter fields.
And the venture capitalists to flip out as they're doing right now flipping out -- they're selling their stakes it's usually a much longer lock -- period.
They're allowing their insiders to sell out immediately.
Why is the difference -- they don't what came back to this institutional investor was that well we hate Wall Street and you know.
-- -- half an hour for the whole Google wasn't embracing Wall Street but they get it right when they went public they did sort of that -- -- so called Dutch auction when they haven't thought it was it was a good balance a very nice they didn't prices too expensive but that's it to appease Wall Street to lead to a certain -- -- -- You not just don't appease Wall Street OK so flippers make money big deal that's like every IPO which is very unsophisticated where way of looking at.
The small investor makes out there's there's still some some meat on the bones for somebody to make money not just your VC so I think that's the problems.
-- -- -- -- -- -- -- I think.
Dorsey over Twitter is learning from this experience and that's why he's not -- out of IPO from -- Nancy was.
-- does not -- to mean we do have -- -- -- Twitter did not comment but I don't need.
This is so we asked some -- somewhat cost GM has -- three weeks ago he was here -- we would know what he was here with Howard shots of upstart bats because of course -- also the founder of a political square which -- mobile payments and -- he -- there always evaluating that this I was not born yesterday he may be very young but we've been following him very closely since.
Fox Business what online 2007.
-- everybody else is blowing them off because they weren't public.
Fox Business was all over that story and we've watched him.
This guy who has watched things very closely -- a lot of companies is not don't -- really is Smart about -- I agreed and but one thing we could say for sure he is Smart and he watched this FaceBook dot debacle.
-- -- this would happen with FaceBook.
I will tell you is a Harvard Business School expo what vehicles into his term papers they do now episode exposes loaded charts would know they -- teach their -- a case study.
So -- that's was that if they teach their students through case studies -- show bad stuff.
And years and I'll tell you.
What went on with FaceBook was really bad and this is a case study that mr.
Dorsey this fall doesn't surprise you because I'm totally annoyed that you have.
More Twitter followers than I do.
I'm just under 20000 -- about could -- -- make an appeal to viewers I need to you know apparently -- is quite an ally Nino like you know like.
Because I actually argue with the jerks -- you go you go back and fight you wouldn't believe that did credit nailed us -- get stuff that get.
How bright but I sure -- when your part Canadian you don't wanna be -- -- some that I I as the lacquered.
That I where I don't curse I just use the acronyms.
Okay wanted to won a total effect -- off the record and then I'll tweet itself follow me.
Apple is calling -- -- -- that's that's what's pathetic isn't it was mined in the we dictators during that the thing that you were so involved with yourself and everything we're saying that you have this passion that I was apparently I was just trying to -- -- And I want the viewers as -- to you.
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