Twitter poised for paid accounts and advertising
byNov 25th 2009 5:00PM
Technology is a strange business because it has a lot of financial backing before it even has any way to make money.
Take Twitter, for instance, which has grown to around 58 million users but doesn't seem to have a real business plan. That seems to be changing now that Twitter co-founder Biz Stone told reporters the social media darling is planning to start charging companies for using its platform. The new accounts will be rolled out in 2010.
Stone also announced that Twitter will launch advertising next year but declined to give details other than it would be nontraditional.
Twitter recently inked deals with Google and Microsoft's Bing search engines to share its public data in real time. Stone also admitted that Twitter is actively looking into licensing its content and partnering with other media organizations and news agencies.
What this means is advertising will soon makes its way to Twitter, possibly cluttering your smartphone, or that you may have to purchase an account if you own a small business. So far, few details are emerging, but 2010 definitely means big changes in the way one tweets.