Remember the days when there were speculation and rumor-mongering that Facebook, Google and Apple would acquire the San Francisco-based micro-blogging platform one day. But it seems like Twitter is definitely not for sale.
Co-founder Biz Stone told reporters in Oxford University today that Twitter may eventually seek an IPO and go to the stock market for funding if necessary, and is currently displaying a “not for sale” tag.
“We are definitely not interested in selling the company. 2010 is really going to be the revenue year. I don’t know if we’re going to be profitable, but we have plenty of time,” Stone said on Monday.
Speaking about how Twitter is going to make money, Stone hinted it would be different from traditional forms of Internet advertising, which include display ads and sponsored search. The company was already earning revenue via deals with tech giants Microsoft and Google to put tweets in search results.
In September, Twitter raised $100 Million From Insight, T. Rowe Price and other investors and has now reached a monetary value of $1 billion.
Via Reuters