Back in July 2011, a lifetime ago in the fantastically volatile world of business tech, Twitter was valued at $7 billion, and, just a couple of weeks later, $8 billion, following two rounds of private funding.
In September of that year, CEO Dick Costolo told reporters not to expect a Twitter IPO anytime soon. “We now have what can only be referred to as a truckload of money in the bank. We did that because we want to be in control of our destiny and grow the company the way we want to,” he said.
Fair enough. But 16 months is an eternity in the business world, certainly in tech, and with a string of new management hires, and a new report suggesting Twitter is now worth more than $11 billion, that IPO might be just around the corner.