Biz Stone: We Won't Sell Twitter, Not Even For $5 Billion

Twitter cofounder Biz Stone says the company has no plans of selling itself, not even for $4 or $5 billion, Techeye reports.

Stone says the company has a fiduciary responsibility to consider all bids that come its way. But, Twitter is just getting started, and it wants to become a huge company on its own.

Three months ago Twitter turned down a $4 billion offer.

It’s admirable that Twitter doesn’t just want to sell out. It’s also a little crazy.

But, Ev Williams and Dick Costolo both sold their startups to Google, so they know what it’s like to cash out. They probably want to try and build a lasting independent business.

See Also: Google Offered To Buy Twitter For $2.5-$4 Billion – Sources

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at