In C#, why is String a reference type that behaves like a value type?

Question

A String is a reference type even though it has most of the characteristics of a value type such as being immutable and having == overloaded to compare the text rather than

Answer 1

Also, the way strings are implemented (different for each platform) and when you start stitching them together. Like using a StringBuilder. It allocats a buffer for you to copy into, once you reach the end, it allocates even more memory for you, in the hopes that if you do a large concatenation performance won't be hindered.

Maybe Jon Skeet can help up out here?