Twitter's Jack Dorsey: We're Hiring

" You know if you -- capped out at the closing bell -- always hitting you guys up to follow me on Twitter twitter.com slash with claimant. Okay now I have about 2000 loyal followers. Not bad okay I know I'm not some of the big boys but on there and President Obama out of -- Twitter on the campaign trail this is a social networking site. That has about -- don't -- to break out real numbers but we're guessing about 32 million unique users every single month Oprah is now Twitter. But how long does that last when they have figured out a way or at least I'm not telling us the way that their point to make money I've got one of the Twitter co founders right here. Jack Dorsey who was there at the beginning of Twitter nice to have you. This thing I've got quite a few of my Twitter followers watching this interview right now the very interested to know the number one question. Let's get through -- we can get out of the way you know how do you make money off at the site it is currently free. Totally free and no appetite right."

" Well it's that the same way that we developed features on order everything that you see today in -- like the F replies. The hash tags that are that are going on. Came from the users themselves came from the usage so what we're doing what the reason we took DC money so that we can be patient enough. There we can recognize and listen in to what's happening with usage and then try to monetize not another company did this to the same thing which is group."

" But it's been a couple of years it's been three years it's been three years fear and you're still watching and listening we're still watching us and we so we have some really good it is and you know we want to place -- when we feel. It's it's -- let me show you how major they've gotten them and it's sort of escalated pretty quickly able to of the time magazine cover here. Add that the cover story is all about Twitter. And how they make the money and and listen as a looking at the entire article which I found relatively positive that money questions still comes up and when you go. To the Twitter site we -- a little graphic actually. When you go to the Twitter site it's got the cute little whale and it's all the light blue picture and everything that we. -- how how could that monetized this so if he does all to the next picture the next graphic that we designed you can bench seat. That we could about it a little bit of advertisement. This is my Twitter page that -- Appetite -- Fox Business advertising on the left and right it's not. Up up up up and I have I'm wondering if that's the way to do it you're at an advertisement by the New Hampshire Fox Business would be thrilled that this --"

" Your earth flow I mean that that may work for for some people but it doesn't it doesn't necessarily speak to the entire network and -- to the entire service to seven now. Well that's that's -- for the for some cases we want something that emerges from the network that speaks to how people are using the system every day. And the sustains -- were building a sustainable company we're building a sustainable business who want to model that helps us get there. And we have some ideas we have a lot of ideas where people working on them. But we want to make sure that we do do the right."

" you tell me at least one of your ideas account that's a flat out now with okay how about video we got a lot of questions from. People who follow me on Twitter are they ever going to enable unit to post videos."

" Well people are posting videos today that's what I thought heroes so I mean you can you can put anything in the update with the -- which is the next thing. And there are some clients -- auto expands. If they see like you to bureau friends and there auto expands. The -- into the actual you -- that if."

" Which you plan to charge anything on Twitter at some point. That's a very open question they'll try to push you on the back door here -- that it wouldn't let me -- the -- if it makes sense for the exit certain. Look at what would make it makes sense for the use users."

" I don't know like you know something it is mentioned in -- has not too long ago. What we're doing with verified accounts. You can imagine charging for -- accounts but. That's not something. That we've really determine on that's a future that we're still working on currently in the company are there knockoffs now another few. Fake Twitter sites. Oh there's always been a number of America a number of copycats when reading about that do you want to do anything. I don't think we want to do anything about it I think we want to focus on what we're doing folks making could not come the best experience we can't possibly make it. And and letters and go from there."

" One year ago when we interviewed this at Stanford business school for our three days in the valley coverage first go around you only have about sixteen employees seventeen employees today Hellman. -- that we just broke fifty you just broke his commitment and so you're finally took time to expect -- Where can slowly when we continue to hire."

" So we're hiring all the time where we're Aaron what type of people. We're looking for engineers were looking for operations people for good business people were looking for pollsters of people if you go to jobs that -- outcome."

" Because I'll daughter twitter.com yes. The applications. Could be -- here and I and I'm thinking specifically about communicating because a year ago when we did first talked to you. And your team but one of the things that came up with that there have been an earthquake in Egypt or something in the news broke on Twitter and somebody was trying to find help in some way shape or form. Have you heard from the US government about somehow being a venue or or conduit for information and communicating."

" Well actually that the CDC certain accounts to help. Get official information out about this point that when those habits -- So those sponsored by the government the White House cut back on Twitter. To help support those efforts action as well. -- the government definitely has a major interest and then what we're doing technologies like -- I spent a week in Baghdad. With the State Department figure out if technologies like Twitter. Could help stabilize that's a church and can bring more transparency I think it can we how we got the deputy prime minister of Iraq on -- And he's been updating every single day like three short time today it's great. I've never had yet I mean to it to have that amount of accessibility and -- go to government. That's building right now in real time is isn't isn't."

" How committed are you to stand with Twitter at and I asked that. Because I noticed in the time magazine article there were pictures of Evan Williams a big pictures of this dawn and I won't --"

" Well I've I've taken the general and the company that I could explore some other other ideas self serving in the company. Which will hopefully announce fairly soon. By by July. But we're stuff trying to. Meaning you're not going to tell us -- want to tell our viewers it's also interesting to find out what these people did before that got their big companies are started to grow their companies. You have programmer. At in New York City taxi dispatcher. I've been a programmer since I was fifteen years old I was been fascinated by -- city's work. And the only way to figure out how to visualize the city's record to work on dispatch software for taxis carriers and 911. You have all these -- these roaming about the metropolis. Reporting where they are and what they're doing. Some very from -- it's a concept that I found you know in my work. In in every step along -- And brought that constitute Twitter as well you know instead of having taxes you coroner went -- during. Have people there or whether to drop out of school graduate dropped out of an area struck -- a semester early. Your parents of some disappointments and display them up -- the for the typical -- I would go back I I really wish I would definition news so close to to completing it."

" As we finish up here you know -- Silicon Valley startups or something that people look at -- I -- one day I could do it what's the number one. Part of the genetic make up that a person has to have to start a company. Besides the good idea."

" It's through the ability to take take a risk and and to do it I mean to actually give up their stop talking and -- program. Due to the -- around."

" Jack Dorsey co founder of Twitter thank you very much for joining us think it. I'm going to jump on Twitter and the commercial break and tell everybody what you said we appreciate you coming on fox -- you don't let us know what your new company is ready to fly there. Jack Dorsey about the closing bell rings it."