Twitter has no plans to go IPO this year and the reason might surprise some.
The San Francisco-based microblogging site's co-founder Biz Stone says his company will not go public this year because it is making money.
Speaking at a business forum in Seoul, South Korea, Stone told Reuters that Twitter is not even discussing the possibility of going public internally.
Stone said his company may not even need to raise more investment money this year. Twitter, whose current valuation is around $3.7 billion, raised $200 million worth of funding in December and another $80 million last month.
Published at 3:12 PM PST on Mar 3, 2011 | Updated at 6:06 AM PST on Mar 4, 2011