Twitter rules out mergers, buyout
China Daily | Updated: 2009-03-13 08:05
US microblogging service Twitter is eager to partner with other companies, including search giant Google Inc, but it is not considering a merger or buyout, the company's co-founder said.
Biz Stone said that Twitter aims to figure out a revenue model in 2009, an acceleration of its previous 2010 timetable, as the company seeks to demonstrate its staying power even as a slew of technology start-ups go belly up in the weak economy.
But, he stressed, Twitter does not need the financial security of a larger, parent company as it has the potential to develop a financially viable business model.
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