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

February 14, 2011 | 11:27 am

Dick Costolo

Twitter Chief Executive Dick Costolo denied rumors that Google might buy his company for as much as $10 billion in a comment that was far shorter than 140 characters.

"I don't know where these things come from. It's just a rumor," Costolo said after a keynote presentation Monday afternoon at the Mobile World Congress in Barcelona, Spain. His remarks were in response to questions surrounding a report last week that Facebook and Google were both in low-level talks to buy the San Francisco company.

Costolo, however, declined to comment on a similar question about Facebook, which will undoubtedly keep tongues wagging and may even lead to some creative hashtags. 

More good news for Facebook and its sky-high valuation. Kleiner Perkins Caufield & Byers is taking a small stake in the world's most popular social-networking site by snapping up as much as $38 million of stock from other shareholders at a valuation of $52 billion.


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-- Jessica Guynn

Photo: Twitter's CEO Dick Costolo speaks during the GSMA Mobile World Congress in Barcelona on Feb. 14. Credit: Albert Gea/Reuters