Twitter Co-Founder Biz Stone Visits Israel, Talks Acquisitions and Monetization

twitterBiz Stone, Co-Founder of Twitter, held a press conference in Tel Aviv today to discuss the company’s plans going forward. This trip comes hot off the heels of his visit trip to the UK where, among other things, Biz appeared at NESTA with Reid Hoffman (Co-Founder of LinkedIn) and Steven Fry.

Biz was greeted by journalists eager to learn about the startups plans regarding monetization and acquisitions. On the latter, Biz indicated that the they are “definitely interested in” making acquisitions and referred to the acquisition of Summize last year as an “outstandingly good decision”. Summize provided the foundation for Twitter’s current search technology. They will be apparently be looking at developers that manage to grab their attention, which suggests that they are interested in acquiring talent just as much as they are in acquiring technology.

When asked about plans to break even – he was no doubt asked about the company’s monetization plans numerous times while in the UK – Biz indicated that they are looking to making money in 2010 through advertising initiatives which he referred to as “non-traditional”. But he also emphasized that there is no rush and that the company would consider going public in the future if necessary. Biz keynoted tonight at NETworking 2009 and you can see what people are saying about him right now on Twitter.

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November 24, 2009 | View Comments
Filed Under Biz Stone, Israel, NESTA, Twitter

 

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