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However, he has denied claims that his promotion from chief operating officer to chief executive, taking over the role from Evan Williams, means that the company is being prepped for a sale.
In his first interview with The Telegraph, since being appointed chief executive, Costolo, said: “No, I am not prepping Twitter for a sale…there really is no distinction between the way Ev [Williams] and I think about the company. We both want Twitter to be a successful independent company. We’ve both done that selling a start-up thing to big companies like Google, and don’t want to do it with Twitter…[Williams sold Blogger to Google in 2000]. Both Ev and I are Twitter board directors and Ev remains Twitter’s largest shareholder.”