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from the L.A. Times

Twitter founder Biz Stone: Twitter is not for sale


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.


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-- Jessica Guynn

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

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