Biz Stone Denies JPMorgan Investment Rumors, Says Twitter will not Raise Funds for 12 Months
Twitter co-founder Biz Stone is completely denying the rumors that JPMorgan will invest $450 for a 10% stake in Twitter. He has come on record to say that Twitter has no plans to go public in the near future, nor does it need additional capital from an outside source, as it is making money on its own.
Stone spoke with Reuters about Twitter’s financials at a business forum in Seoul on Thursday.
He stated clearly that Twitter has no plans to raise any more capital in at least the next 12 months.
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