'Companies are very different from each other, you can't just break them up similarly,' says Dick Costolo.
Former Twitter CEO Dick Costolo told CNBC on Thursday that he's not expecting online privacy concerns to lessen anytime soon, in the wake of reports that federal prosecutors are investigating Facebook's data deals.
Users are still unsure where their data is going, where it's being stored and who has access to it, Costolo said, but added that information is slowly starting to"drip out over time." Facebook shares were down nearly 2 percent Thursday after The New York Times reported that a grand jury subpoenaed records from at least two device makers that had partnerships with the social network.
But Costolo said it's not going to be easy because lawmakers, during last year's hearings with Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg, showed"almost a surprising lack of understanding of how these companies work."
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