With Facebook’s massively reported on (and largely disappointing) recent decision to start an initial public offering and become a publicly traded company, rumors have been flying abound about whether the second largest name in social media today, Twitter, would be making the plunge and starting an IPO of their own. Not so, said Twitter’s CEO Dick Costolo in a recent interview quoted CNBC’s Julia Boorstin.
“Nothing external to the company has had any bearing on how I think about when to take Twitter public or not to,” said Costolo, adding that he also doesn’t believe that it’d be a good idea to sell the company to some larger entity. “We have every hope and belief that we will be a successful — independent — company.”
Twitter also shared some quite interesting statistics about the service and their members, including that around 40% of all registered users chose not to tweet themselves, but instead chose to simply consume others’ tweets.
There has been some concern as of late in particular that Twitter simply doesn’t have the power to pull what’s required to remain a sustainable, profitable company. One way the service makes money is by its use of advertisements and promoted tweets (essentially in-line advertisements), which many users effectively avoid ever seeing by using third party clients – the same exact sort that the company is now actively trying to stop.