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Dick Costolo: Big Believer in Twitter & Jack Dorsey

Despite dropping 30% this year, former Twitter CEO Dick Costolo is bullish on the social media company.

In his first TV interview since leaving his role, Costolo praised Jack Dorsey as the right pick. "I'm a big believer in Twitter; I'm a big believer in Jack," Costolo said on CNBC's "Halftime Report".


When it came to choosing the next Twitter CEO, Costolo said it always came back to Jack. "Jack speaks with the fluency and the moral authority of the inventor of the product."

Inside the walls of Twitter, the feelings are mutual, according to Costolo. "[Jack Dorsey] is inspirational. The team loves working for him."

Costolo is positive on Twitter's future. "It's a resilient company and platform. I'm confident the team will capture the value."

Costolo disclosed he still owns a significant amount of Twitter shares. "The vast majority of my personal and family's net worth is Twitter stock."

By CNBC Producer Bree Kelly. Follow her on Twitter @Bree_Kelly