Twitter Co-founder Says Company Wants to Remain Independent

By Tracey E. Schelmetic March 03, 2011

Turns out everyone wants a piece of Twitter. The company lately has been the subject of a number of acquisitions rumors, but Twitter's co-founder Biz Stone is saying that none of them are tempting the management of the microblogging Website company. Twitter, says Stone, wants to remain independent, reported the Associated Press.

“I believe there is a lot of room for another Internet giant to succeed,” said Stone on Thursday. “So our goal with Twitter is, has been, and will continue to be to remain an independent company no matter what rumors are swirling.”

Stone, who made the comments at a conference in Seoul, South Korea, was responding to a question from a participant about speculation in the media that Google or Facebook want to gobble up the privately-held social networking service.

“There's always another rumor that somebody's trying to acquire us,” said Stone. “But our goal is to have a positive impact on the world, build a wonderful business on top of that and have a blast doing it. That's always been our goal. That's what we want to do.”

The Wall Street Journal reported last month that Google and Facebook have both held talks with Twitter about a potential purchase.

Regarding the general issue of company acquisitions, Stone said that the key factor is for the larger company to respect the culture of the smaller one.

“I think Google did a really good job when they acquired YouTube because they allowed it to remain independent and they allowed that management structure and a lot of those things to stay in place that made YouTube great,” he said.

Stone prefaced those comments, also in response to a question, by stressing that they were meant to be general in nature.

Tracey Schelmetic is a contributing editor for TechZone360. To read more of Tracey's articles, please visit her columnist page.

Edited by Tammy Wolf

TechZone360 Contributor

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