Twitter to get more ads

SAN FRANCISCO - More ads -- but no IPO. That will be the deal with Twitter moving forward.

The microblogging site says it will continue to raise money by showing more ads to the site's audience -- which includes 100 million active users.

But Twitter CEO Dick Costolo says don't expect that the service will be doing an IPO anytime soon. Costolo says the company doesn't need the case
that would be generated by a stock offering -- because he says the
company has "what can only be refereed to as a truckload of money
in the bank."
 


(Copyright 2011 by The Associated Press. All Rights Reserved.)

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