With three high-profile hacks on verified Twitter accounts in recent days, questions linger over whether it's the fault of the user, or the platform. Cyriac Roeding, tech investor and Shopkick co-founder, says either way, password security is the least of Twitter's worries.
"Currently the world does not look very good for Twitter," Roeding told CNBC's "Power Lunch" on Tuesday. "There's a lot more that has to happen at Twitter to put it back on track."
Roeding said Twitter is no different than most websites, where the manual password systems are "old-fashioned and outdated." Facebook CEO Mark Zuckerberg's Twitter and Pinterest accounts were among those hacked this week. He reportedly used "dadada" as the password, which Roeding said at least proves the billionaire doesn't take himself too seriously.
Regarding Twitter, Roeding was much more focused on recent executive exits. Jeff Seibert, who took over Twitter's core product team in September, will no longer run Twitter product, Recode reported Tuesday. The departures are spurring rumors that the company could be bought in the coming year, Roeding said.
"People are waiting for the updates to the core product to make it more useable, more user-friendly, and we have yet to see a massive change there," he said. "Some people are now talking about it being bought in the next year or so."
"We don't comment on rumor and speculation," a Twitter spokesperson said In response to an inquiry from CNBC.