• The Telegraph, Wednesday, October 6, 2010 12:13 PM

Doing his best to dispel acquisition rumors, Twitter's newly named CEO Dick Costolo tells the Telegraph: "No, I am not prepping Twitter for a sale." Still, as The Telegraph notes, Costolo is no stranger to selling out. He sold Feedburner to Google for a rumored $100 million in 2007 and, prior to that, sold web-monitoring service SpyOnIt to 724 Solutions in 2000. But, insists Costolo, "There really is no distinction between the way [Evan Williams] and I think about the company. We both want Twitter to be a successful independent company. We've both done that selling a start-up thing to big companies like Google, and don't want to do it with Twitter."

(As The Telegraph notes, Williams sold Blogger to Google in 2000.) Citing his desire to focus on "product strategy," Twitter CEO Evan Williams on Monday said he was handing the company's reins to Costolo -- the company's existing chief operating officer. "Normally, when a company has three different CEOs in three years, it's a very bad sign," noted TechCrunch. "But in Twitter's case, this does seem to be more about a rapidly-growing company making sure they have the pieces in place for a continued explosion of growth."

Read the whole story at The Telegraph »