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Category: SocialMedia

No IPO and Price Tag for Twitter

Written on January 10, 2011 by Japhet Writ

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Twitter CEO, Dick Costolo, discussed the future of Twitter as a business, the company's plans for the coming years, and how it aims on growing in the mainstream at CES 2011.

During the , CEO – – discussed the basic company for and its future. According to the CEO, has grown quickly during the Q4 of 2010. And with the company’s recently raised $200 million in funding, will neither be for sale nor will it go public. Dick Costolo sincerely hopes that will become a successful independent company.

More over, Costolo explained its very simple business plan: While Twitter is a technology company, its model is advertising-based. The key to its plan is the way ads are taken out to the market as an advertising content. Another is to enable users to embed Tweets in a way that they can directly interact on other sites. This includes replying, retweeting, following the sender, and many more.

Will 2011 be the year the Twitter stands on its own? Share your insights by dropping your comment.

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