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Twitter says it may charge for tweets

Discussion in 'BlackHat Lounge' started by oni3350, Aug 22, 2009.

  1. oni3350

    oni3350 Regular Member

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    MICRO-blogging sensation Twitter says it is making progress on ways to pump cash from the free service.

    Twitter co-founder Biz Stone had the blogosphere buzzing anew with talk of generating revenue from business accounts by year's end.

    Mr Stone said early this year that one method could be charging fees for commercial accounts used by businesses to spread messages on Twitter.

    In fresh comments apparently aimed at the venture capital community, which has invested tens of millions of dollars in Twitter, Mr Stone told of the potential for premium services such as pulling data from the sea of tweets.

    Twitter, which allows users to pepper one another with messages of 140 characters or less, has seen a dizzying surge in popularity since it was launched in August 2006 but has been unable so far to generate revenue.

    Mr Stone's comments quoted in Venture Beat came on the day Twitter announced it is adding location to its globally popular microblogging service in a move that will let people see where tweets are coming from.

    "We're gearing up to launch a new feature which makes Twitter truly location-aware," Mr Stone said in a message at the San Francisco-based Internet firm's website.

    Accurate "tweet-level" location data would let casual users as well as advertisers or businesses track messages based on neighborhood or city.

    Outside software developers who create applications for Twitter will be able to experiment with the location API prior to the feature being added to the microblogging service.

    Twitter users interested in letting their whereabouts be known will need to activate the new feature, which will be "off" as a default setting

    Exact location data will not be stored for extended periods, according to Twitter.

    In June, authenticity badges began popping up at Twitter as a way to verify that people tweeting are who they claim to be. Such badges are seen as something businesses might be willing to pay for.

    Source: http://www.news.com.au/technology/story/0,28348,25965493-5014239,00.html
     
  2. hotstox

    hotstox Jr. VIP Jr. VIP Premium Member

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    hrm that's kind of what I was expecting, but on a different scale. I mean it makes sense business wise, but I think it could be arranged differently to make it more acceptable and profitable. Guess we will see how it goes I still don't really understand why twitter is so huge.

    edit: guess I should add, I never undestood the route to profit on something geared towards mobile updates like this. Yeah it can be huge with bh methods, but really the flexibility to profit off it compared to say facebook or myspace is small. It definitely has only one real route to profit, and that's to charge the celebs/big tweeters or whatever the fuck they are called to post. either via a monthly fee or per tweet. I can see this being the demise of twitter as well, since it's yet to make any money at all, this is really it's only shot, and I can see a huge drop in tweeters because of it. Mainly because it's a pain in the ass to pay stuff like that when your entire financial world is handled by an accountant. I doubt shaq is going to whip out his amex during half time just to tweet.
     
    Last edited: Aug 22, 2009
  3. mightybh

    mightybh Jr. VIP Jr. VIP Premium Member

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    Twitter has a massive potential for monetization. Everyone on their team in charge of that should be sacked. Contextual Tweet advertisement will make them millions! You tweet about a movie, a little line appears selling you a DVD. You tweet about how you want to lose weight, a new diet appears. Something non intrusive like Gmail ads. Increasable targeted traffic! They can even host their own PPC Adwords kind of advertisement especially with Twitter search becoming increasingly popular.

    Everyone makes money from Twitter apart from Twitter themselves.

    And this is the first idea that I came up with in the last 3 minutes. Can't they think of something better?
     
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  4. redtide1969

    redtide1969 BANNED BANNED Jr. VIP Premium Member

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    Well said mightybh,

    They're simply fools for not having a team capable of monetizing what they've built. It's going to be interesting to see how this plays out over the next year or two.
     
  5. jake3340

    jake3340 Jr. VIP Jr. VIP Premium Member

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    Im sure regular twitter users are gona pissed about this. Now monetize this think about the rumor when people said MSN was gna have a monthly subscription :)