Technology

The business and culture of our digital lives,
from the L.A. Times

Twitter founder Biz Stone: Twitter is not for sale

Stonewilliams

Twitter co-founder Biz Stone told Fresh Air's Terry Gross in an interview that aired Wednesday: "We are not for sale."

He dismissed rumors that the company was in "low-level" takeover discussions with Google and Facebook that would fetch $10 billion for the popular social networking service. In a lighthearted moment, he questioned what "low-level" talks actually are. 

"We don't have a shingle out on our front that says 'Twitter: For sale.' We're not for sale and we haven't been. We're very, very interested in building an independent company."

That echoed the message of Twitter's Chief Executive Dick Costolo who in interviews with the Los Angeles Times and other newspapers has pledged to keep Twitter independent.

Such speculation has swirled around Twitter for years. On Monday, Costolo denied the rumor that Twitter was in talks with Google after a keynote presentation at the Mobile World Congress in Barcelona, Spain. He did not answer a question about Facebook.

Stone also said: "We're not valued at $10 billion. That's just what people are writing in the newspapers."

Twitter was valued at $3.7 billion in a $200 million round of funding in December.

RELATED:

Twitter's Dick Costolo denies talks with Google, won't talk about Facebook

Andreessen Horowitz invests $80 million in Twitter, whose private stock is hotter than ever

Twitter tries to turn 140 characters into money

-- Jessica Guynn

Photo: Twitter founders Biz Stone, left, and Evan Williams at the company's San Francisco headquarters. Credit: Jeff Chiu / Associated Press

 
Comments  ()

Connect

Recommended on Facebook


Advertisement

In Case You Missed It...

Videos



Categories


Archives