Twitter has no plan to go public in the near future and does not need additional funds because it is making money, the co-founder of the popular microblogging site said. Biz Stone also dismissed reports JPMorgan Chase & Co. was in talks to buy 10 percent of Twitter for $450 million, which would have valued the company at $4.5 billion. Get the full story »
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Twitter co-founder hopes to create news network
Biz Stone, the co-founder of popular microblogging site Twitter, is eager to harness the vast quantities of information that it helps its users share to create a news network, he told Reuters Monday.
A Twitter news network would not necessarily be run by Twitter itself but would be in partnership with several existing news organizations, and would be open, Stone said. Get the full story »
