Since taking the helm in 2010, Dick Costolo has steered seven-year-old Twitter Inc. through frequent service outages, slow ad sales, executive turnover and into position as Silicon Valley's next big initial public offering candidate.
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Close Bryan Thomas for The Wall Street Journal.Twitter Chief Executive Dick Costolo, shown in July, says an initial public offering for the popular blogging platform isn't certain.
Twitter, a blogging platform whose more than 200 million monthly users swap 140-character messages known as tweets, is expected to move ahead with an IPO in a year or so, people familiar with the company's deliberations have said. But the 49-year-old Twitter chief executive says going public isn't certain.
The company recently permitted investment-management firm BlackRock Inc. to buy roughly $80 million in stock from early employees, a transaction that sets Twitter's valuation at $9 billion�a lofty level for a company that eMarketer Inc. estimates will generate $545.2 million in advertising revenue this year.
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