Twitter: We're not going public

By By David Blight | 27 September 2012
Dick Costolo (Source: Wikimedia Commons).

Twitter chief executive Dick Costolo has argued his company has no plans to go public, but said Facebook's botched initial public offering (IPO) had nothing to do with the decision.

In an interview with CNBC, Costolo argued his focus was on developing the social platform's advertising offering while keeping true to the user experience, rather than looking to an IPO.

Costolo said this strategy had not been influenced by Facebook's IPO.

“Nothing external to the company has had any bearing on how I think about when to take Twitter public or not to,” he said.

Facebook's share price has been in a state of decline since its IPO earlier in the year.

Costolo also said he had no plans to sell the company, arguing Twitter held the belief it will remain “successful” and “independent”.

Meanwhile, Costolo also argued the company aimed to protect the rights of its users, rather than handing over their information to government bodies.

“We have a core value here at Twitter that says we want to defend and respect the user’s voice. And that’s important to us on a global basis,” Costolo told CNBC.

“Someone doesn’t sign up for a service expecting that their sign up information is going to be handed over without them being asked .... We’re going to defend our users rights.”

His comments resonate locally in the wake of The Daily Telegraph's campaign against Twitter trolls. A story in tabloid earlier this month suggested Twitter would work directly with Australian police to “investigate threats and abuse on its site”.

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