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 research.businessinsider.com.au.