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Biz Stone: No Negotiations Between JP Morgan and Twitter

Pubblicato il March 3, 2011
Twitter co-founder Biz Stone

In an interview with Reuters, Twitter co-founder Biz Stone has denied reports claiming that JPMorgan Chase & Co was in talks with Twitter to acquire a share of 10% ($450 million) of the popular microblogging service, whose value estimated is around $4.5 billion.

“We have so many other things before we even think about that” and Twitter does not need additional funds because it is making revenus, said Stone.

Stone’s declaration puts an end to speculation of the past days (reported by the Wall Street Journal) according which JP Morgan would invest an amount between $ 500 to $750 million in a fund for Internet and digital-media companies including Facebook and Twitter.

Read More:

- Reuters: Twitter’s Stone: no IPO or funding talks
- Twitter’s Stone says no plans for an IPO or funding
- No IPO, sale plan: Twitter co-founder

  • Reply
    Emmanuel De Oleo
    May 11, 2011 at 8:58 am

    I think the integrity of Twitter is very important … They have become companies with FaceBook is powerful levels of social networks …. Twitter is NOT necessary to sell 10% of shares