"We are going to remain private as long as we want," says Twitter CEO Dick Costolo, shooting...

|By:, SA News Editor

"We are going to remain private as long as we want," says Twitter CEO Dick Costolo, shooting down IPO speculation. He adds Twitter, which raised a big funding round last year, has a "truckload of money in the bank," and is focused on improving its Connect and Discover features. The release of Facebook's (FB) subscription feature last year hasn't done much to halt Twitter's momentum, nor has Google+ (GOOG). (search overhaul)