AfterDawn: Tech news

No Twitter IPO coming this year, says co-founder

Written by Andre Yoskowitz (Google+) @ 04 Mar 2011 13:34

No Twitter IPO coming this year, says co-founder Twitter co-founder Biz Stone has said today that the micro-blogging site is not planning to go public this year, nor does it need another round of funding from private investors.
The founder also denied the multiple reports that JPMorgan Chase was looking to buy a massive 10 percent stake in the service for $450 million.

When asked about a possible IPO, Stone said:

We have so many other things before we even think about that. We are not even discussing it internally. It's too far off.


Twitter has over 200 million users.

Following its latest funding round in December, the microblogging company has a value of almost $4 billion.

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