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Twitter Has Money To Burn, No IPO Plans

Ill-mannered, perhaps, but Twitter is happy to boast about how much money it has in the bank. By way of defending the company’s cozy private status, CEO Dick Costolo tells the Los Angeles Times that Twitter has "truckload of money,” and, as such, would remain a private company for as long as it wants. “I like being private for all sorts of reasons,” Costolo explains. “It allows us to think about the business and the way we want to grow it in the small boardroom as opposed to being beholden to a particular way of growing the business.”

Read the whole story at Los Angeles Times »

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