Twitter co-founder Biz Stone denies sale rumours

THE popular microblogging and social networking service Twitter is not for sale, one of the company's founders said today.

Biz Stone made the declaration in an appearance on the US ABC show The View.

When host Barbara Walters – mentioning rumours that Google, Microsoft and Apple might be interested in acquiring the company – asked whether Twitter was for sale, Stone answered: "No."

"We're just getting started as I've said. The company is two years old, we have so much to do, so much product stuff to fix and so much growing to do."

Twitter has been the subject of takeover speculation since the company turned down a $US500 million ($663 million) acquisition offer by social networking site Facebook.

Twitter is a free service that allows people to send short, 140-character text messages to their network of friends. It has become something of a cultural phenomenon, with politicians, celebrities and athletes all signing up to send messages to a growing audience of followers.

According to Nielsen Online, which measures internet traffic, Twitter had more than 7 million unique visitors in February, compared to 475,000 in February 2008.

The company, based in San Francisco, California, is focusing on turning a profit from its service this year.

source: http://www.news.com.au/

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