Dick Costolo says Twitter is a reinvention of the town square – but with TV

New forms of media are often disruptive to existing forms, but Twitter CEO Dick Costolo says that his network is complementary to traditional forms like television, because it adds the kind of real-time discussion we associate with the town square or the “pulse of the planet.” Costolo said that solving the problem of managing the noise in Twitter while still increasing the signal for users was one of the biggest challenges the company faces in the future — along with the need to generate enough revenue to justify its $10-billion market value, presumably, although the Twitter CEO didn’t get into the details of how it plans to do that.