LAS VEGAS: Twitters, which has fended off several buyers, intends to remain an independent company and not considering going public at the moment , said chief executive, Dick Costolo.
" My sincere hope is for Twitter to be a succesful independent company," Costolo said at conference organised by Technology blog AllThingsD.com on the sidelines of the consumer Electronics show in Las Vegas.
" We've accomplished 1% of what we're set out to do and we have all this crazy potential," he said of the micro-blogging service which has attracted more than 175 million users since it was launched in 2006.
Asked about a potential initial public offering (IPO), Costolo said," I just don't think about it". Costolo built and sold two companies, notably Feedburned, acquired by Google, before joining Twitter.
A potential IPO by Twitter comes as another privatery held social networking gaint, facebook may be forced to go public next year because of an increase in the number of employees and investors holding shares in the company- AFP
SUNDAY STAR, 9 JANUARY 2011
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