Code Conference

Twitter CEO and board are 'totally in sync'

Costolo: Thoroughly in sync with my board

Twitter's stock price has taken a beating in the past month, plunging 28 percent. First-quarter revenue badly missed analyst estimates.

But when asked at the Code Conference on Thursday if he would still be employed in a year, Twitter CEO Dick Costolo said he and the board are "totally in sync."

Joined on stage by Periscope CEO Kayvon Beykpour, Costolo said Twitter's path to growth is through a combination of building technology internally and acquiring talented entrepreneurs. The company recently announced the acquisition of ad tech company TellApart.

Costolo said that Twitter fully intends to stay independent, and any reports of the company being acquired are "just rumors."

Twitter one-month stock chart