Twitter dismisses report of Google-FB takeover

Boston: Twitter CEO Dick Costolo has dismissed as rumour reports that Google and Facebook were in talks of acquiring the micro-blogging site for USD 10 billion.

"People write that stuff all the time ? I don't know where these things come from, it's just a rumour," Costolo, who took over as CEO from Twitter co-founder Evan Williams last October, said.

Costolo said Twitter was "making money" and now regularly carried 130 million tweets a day, up from 100 million at the end of 2010.

Speaking at the Mobile World Congress in Barcelona, he said Twitter is focussing on a mission statement, which is to "instantly connect people everywhere to what's most meaningful to them".

Costolo said Twitter, which started operations in February 2006, will introduce this year a new method of making money, to add to its existing roster of promoted tweets, accounts and trends. He did not give further details. (PTI) 

NARENDRA KUMAR NIRAJ

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