Twitter has 'no plans' to sell or go public
Page 1 of 1 • Share
Twitter has 'no plans' to sell or go public
[You must be registered and logged in to see this image.]
LAS VEGAS: Twitter, which has fended off several buyers, intends to remain an independent company and is not considering going public at the moment, chief executive Dick Costolo said.
"My sincere hope is for Twitter to be a successful independent company," Costolo said at a conference organized by technology blog AllThingsD website on the sidelines of the Consumer Electronics Show in Las Vegas.
"We've accomplished one percent of what we've set out to do and we have all this crazy potential," he said of the micro-blogging service which has attracted more than 175 millions users since it launched in 2006.
Asked about a potential initial public offering, Costolo said "I just don't think about it."
"We'll get to a point, I'm sure, when we'll have to start considering that," said Costolo who built and sold two companies, notably Feedburner, acquired by Google, before joining Twitter. "We're just not there yet."
A potential IPO by Twitter comes as another privately held social networking giant, Facebook, may be forced to go public next year because of an increase in the number of employees and investors holding shares in the company.
Costolo said for the moment Twitter's goal is to be present on more devices and platforms.
He said that an advertising program implemented last year that involves paid for "promoted tweets" was working "fantastically well."
"A couple of promoted tweets are in the top 10 promoted tweets of all time," he said. "It's a big enough business for us to be an independent company."
Twitter last month received an injection of $200 million in funding from investors to help fuel its growth, reportedly giving the San Francisco-based company a valuation of $3.7 billion.
"Our business plan is to continue to raise money," Costolo joked.
LAS VEGAS: Twitter, which has fended off several buyers, intends to remain an independent company and is not considering going public at the moment, chief executive Dick Costolo said.
"My sincere hope is for Twitter to be a successful independent company," Costolo said at a conference organized by technology blog AllThingsD website on the sidelines of the Consumer Electronics Show in Las Vegas.
"We've accomplished one percent of what we've set out to do and we have all this crazy potential," he said of the micro-blogging service which has attracted more than 175 millions users since it launched in 2006.
Asked about a potential initial public offering, Costolo said "I just don't think about it."
"We'll get to a point, I'm sure, when we'll have to start considering that," said Costolo who built and sold two companies, notably Feedburner, acquired by Google, before joining Twitter. "We're just not there yet."
A potential IPO by Twitter comes as another privately held social networking giant, Facebook, may be forced to go public next year because of an increase in the number of employees and investors holding shares in the company.
Costolo said for the moment Twitter's goal is to be present on more devices and platforms.
He said that an advertising program implemented last year that involves paid for "promoted tweets" was working "fantastically well."
"A couple of promoted tweets are in the top 10 promoted tweets of all time," he said. "It's a big enough business for us to be an independent company."
Twitter last month received an injection of $200 million in funding from investors to help fuel its growth, reportedly giving the San Francisco-based company a valuation of $3.7 billion.
"Our business plan is to continue to raise money," Costolo joked.
Maryam Mirza- Monstars
-
Posts : 981
Join date : 2011-06-18
Age : 33
Character sheet
Experience:
(500/500)
Similar topics
» Where to Sell Camera For Best Price????
» Copenhagen plans highways for bikes
» Busihubs - Buy, Sell, Connect, Promote, Earn
» ussia plans orbiting hotel in space
» US won't sell new fighter jets to Taiwan: source
» Copenhagen plans highways for bikes
» Busihubs - Buy, Sell, Connect, Promote, Earn
» ussia plans orbiting hotel in space
» US won't sell new fighter jets to Taiwan: source
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Tue Nov 05, 2024 11:25 am by ali001
» MindfulMe - Mental Health App
Mon Nov 04, 2024 10:50 am by ali001
» Learn Candlestick Patterns
Tue Oct 15, 2024 5:51 am by ali001
» Woh Pagal Si Episode 52 to 62 - Top Pakistani Drama
Sat Sep 21, 2024 6:26 pm by Mir Emmad Ali Khan Domki
» Nearu - share your socials
Sat Sep 21, 2024 1:12 pm by ali001
» Nightclub Tycoon: Idle Empire
Thu Sep 19, 2024 9:16 pm by ali001
» Carnivore - Meat Diet Recipes
Wed Sep 18, 2024 2:37 pm by ali001
» Eid Milad un Nabi Mubarak 2024 (Rabiʻ I 14, 1446 AH)
Tue Sep 17, 2024 3:44 pm by Mir Emmad Ali Khan Domki
» Dil Tujhpe Aa Gaya (Full Song) Film - Dil Hai Ke Manta Nahin
Tue Sep 17, 2024 2:53 pm by Mir Emmad Ali Khan Domki