Twitter COO Dick Costolo: No IPO Anytime Soon
If you’re waiting for an initial public offering from Twitter, you might want to stock up on Snickers bars: According to chief operating officer Dick Costolo, you’re going to be here a while.
Costolo told Bloomberg the microblogging service’s focus right now is short-term as it attempts to boost revenue with a new advertising program.
He told Bloomberg:
My view of our financial future is like that old New Yorker cover where the New Yorker looks at the view of the United States and the IPO is way out west somewhere.
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