Tuesday, 24 November 2009

Twitter mulls shopping spree

Twitter is mulling further acquisitions in order to capitalise on its growing popularity.

Co-founder Biz Stone remarked to Reuters at a conference in Tel Aviv on Tuesday that the micro-blogging Website's acquisition of search engine Summize in 2008 "turned out to be an outstandingly good decision," and that another shopping spree "is something we are definitely interested in."

Stone on Monday once again told reporters, this time in Oxford, U.K., that Twitter is not for sale; although it may pursue an IPO.

He added that Twitter will focus in 2010 on generating revenue from non-traditional Internet advertising.

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