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moconews: Twitter’s Stone: No Sale But IPO, Alternatives Are Possible
Wednesday, 25 November 2009 16:01
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Twitter’s generous investors—the latest round was $100 million—may be pleased to hear that “2010 is really going to be the revenue year” for the high-profile startup. Or so Biz Stone, one of three cofounders, told reporters at Oxford University Monday, the latest stop on a talky tour of the UK. That idea is tied to Twitter’s plans to introduce an unidentified but “amazing” new way of advertising to the status-update service, Stone said at Oxford, according to Reuters and promised that “everyone’s going to love it.” Perhaps his traveling has kept him from keeping up with the chatter on Twitter, where love and ads aren’t exactly hashtag pals. (Stone’s comments echoed COO Dick Costolo’s promise last week, via New TeeVee,  that ads would be “fascinating,” “non-traditional” and “really cool.”)

As for the company’s other financial future, Stone stressed again a lack of interest in selling the company but talked about the possibility of an IPO: “The point is, we want to build our own company that will last for a long time. If an IPO’s the way to do that, then sure. We don’t have it checked off on the calendar yet.” He raised the vague notion of an alternative, suggesting “maybe some other new way will emerge.”
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