Twitter won't go public as it announces growth to 100m users
Twitter has said that it won't become a public company as it announced that it has now amassed 100m users.
Dick Costolo, chief executive of Twitter, also said that the site was preparing to expand its business range, but had no plans to become a public company.
The company also raised £250m in venture capital funding over the summer.
It was also revealed that over half of its users log on at least once a day, that 40% only read the site without tweeting themselves and that it now generates over 5 billion tweets a month, with 400 million unique users each month.
It was also claimed that the site had 50 million daily users and that over half of active users visit the site through mobile.