Time not ripe for Twitter IPO, CEO says
In an interview on the financial network CNBC, Costolo brushed aside any suggestion of an imminent initial public offering (IPO) or sale. The question of an IPO is "a decision we'll make when we think the time is right for us," he said.
Asked whether Twitter might be sold to another firm, Costolo commented: "We'll be a successful, independent company."
Twitter, which allows its members to post brief comments, links or pictures, claims to have more than 140 million active users, with the largest number being in the United States.
A recent survey found one in seven Americans who go online use Twitter and 8% do so every day.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
