Although it seems that much of the current talk around microblogging phenomenon Twitter is about the development of an array of revenue streams, co-founder Biz Stone has denied that the company is for sale.
At an Oxford University event this weekend, Stone categorically denied that Twitter was looking to sell to the likes of Microsoft or Facebook, though he did hint at the potential of following in Google’s footsteps and taking the company public. He told reporters at the event that ‘We are definitely not interested in selling the company’.
Not that anyone who’s looking to sell a company ever says so outright in a situation like this, but with Twitter’s rapid growth and ever-expanding influence in the social media and business spheres, it might make sense for the creators to hold onto it for the time being. Having made successful deals with both Google and Microsoft’s Bing to index Tweets into search results, and with a range of other revenue streams including advertising and paid-for premium accounts in the works, Twitter could well be seeing some significant returns in the new year.
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