Twitter is 'extraordinarily resilient,' says former CEO Dick Costolo

  • Costolo says Twitter's ability to quickly disseminate news and information is unrivaled.
  • And he says the company's "resilience has proven over the years that it's got enormous value and is going to continue to have enormous value."
Dick Costolo, CEO of Chorus.
David A. Grogan | CNBC
Dick Costolo, CEO of Chorus.

Despite problems, Twitter is "extraordinarily resilient," Index Ventures partner and former Twitter CEO Dick Costolo told CNBC on Thursday.

"The value of the network and the value of the immediacy of news dissemination and correcting things that are said on the news that are wrong is incredible and unrivaled," he said.

Costolo said the current leadership team is steering the company in the right direction.

"I think that resilience has proven over the years that it's got enormous value and is going to continue to have enormous value," said Costolo.

Despite criticism that Twitter and other social networks are amplifying the spread of false information or fake news, Costolo said the platform is actually one of the places where that misinformation is debunked.

"The value of having people around the world that can visually see what's actually happening and take photos of it and report back 'this is what I see happening' is tremendous," he said. "I think that's of enormous value and that network itself is going to be extraordinarily resilient."