>> Twitter getting another boost to its shares Tuesday after the company's co-founder, Biz Stone, announced he is returning full time to Twitter. The second piece of good news for the company in the past month, including a strong earnings report for its first quarter of 2017. Reuters correspondent David Ingram in San Francisco.
>> Investors might like this for two reasons. One, it's a vote of confidence in the current management of Twitter. Biz Stone was a cofounder with the current CEO, Jack Dorsey. And by going back, he's saying that he has faith in Dorsey continuing to be the CEO of Twitter.
And this is also could have a potential impact on Twitter's ability to retain and recruit strong talent. If the morale within Twitter, if Biz Stone can keep morale high they have a better chance to get some of the strong talent in Silicon Valley.>> In a blog post, Stone saying CEO Jack Dorsey asked him to come back to work for the company.
Dorsey's excitement over the reunion making it onto Twitter. Ingram says the role is unspecified but it will have to do with the company's culture.>> Biz Stone's reputation is that he's a very positive influence within the company. He's worked on some other companies and most recently worked with Pinterest.
And the feeling within Twitter is that he is going to make life even more fun within the walls of headquarters at Twitter. So it's a morale booster for people, a reason for them to stick around, or even go to work at Twitter.>> Twitter needs all the good news it can get as it's had a rough few years on many levels, whether it's user growth, or revenue, or its stock price.
The return of Biz Stone could be a step in the right direction. Shares shot up roughly 2.5% on the news.