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Biz Stone: Twitter is not for sale

Twitter co-founder Biz Stone has quashed rumours that the popular microblogging site will be sold in the near future. Speaking on the Barbara Walters show on ABC, Stone made it clear that Twitter is not for sale.

"We’re just getting started as I’ve said. The company is two years old, we have so much to do, so much product stuff to fix, and so much growing to do," Stone said. "We are not for sale. Twitter is focused on developing new features on its website and on remaining independent."

Stone and his co-founders Jack Dorsey and Ev Williams rejected a $500m takeover offer from Facebook last November and there has been growing speculation in recent weeks that Apple are set to table a $700m bid for the mini-blogging service.

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