We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Biz Stone: Twitter sale is a non-starter

Founder of micro-blogging site rejects rumours

When you're co-founder of one of the hottest companies on the internet, dealing with acquisition rumours is a constant part of the job. But on Thursday Twitter's Biz Stone sought to put an end to the persistent talk that he wants to sell the company.

"Twitter is not interested in being acquired by a bigger company, we want to build an impressive company on our own and we believe that we can," Stone said to an audience of Twitter users at an event in Tokyo on Thursday evening.

His statement, after being translated into Japanese, drew a few cheers and claps from the audience, which was made up of many of Twitter's most enthusiastic users in Japan. The event was being held to mark the first visit to the country by Stone and the launch of a new mobile site.

Twitter remains a private company and so far has shown little interest in seeking funds from the stock market, despite its inability to generate any significant revenue. The company was recently reported to be near a new round of financing from a group of investors that valued the micro-blogging service at around $1 billion.

See Twitter founder Biz Stone below on PCA TV

Twitter mobile biz stone


IDG UK Sites

Best Christmas 2014 UK tech deals, Boxing Day 2014 UK tech deals & January sales 2015 UK tech...

IDG UK Sites

Apple's 2014 highlights: the most significant Apple news of 2014

IDG UK Sites

Watch this heartwarming Christmas short by Trunk for composer John Rutter

IDG UK Sites

Ultimate iOS 8 Tips: 35 awesome and advanced tips for using iOS 8 on iPhone and iPad