Former Twitter CEO: It's 'nonsense' that no one wanted the job besides Jack Dorsey
Dorsey had been acting as "interim CEO" for three months after former CEO Dick Costolo stepped down in July, because Twitter's board of directors said they were looking for a replacement who could focus on the company full-time.
That made Dorsey a suprising final choice, because he's also the CEO of payments company Square, which will go public later this week.
In his first interview since Dorsey's appointment, Costolo defended the CEO selection decision on CNBC after the host said that Twitter couldn't find anyone else who wanted the position.
He called the idea that Dorsey got the job because of a lack of other options "nonsense."
Here's the slightly awkward exchange:
Costolo also said that Dorsey is right for the job of leading Twitter because he has the "moral authority as the inventor of the product" and understands it deeply.
Later in the interview, Costolo also teased the announcer for misprounouncing his name.
In case you've been struggling, it's "Cost-OH-lo" not "COST-uh-lo."
Watch the full interview here: