Twitter’s Plan To Make Revenue

Twitter, the most popular social microblogging service for PC users, has grown in popularity every single year since it’s inception. Analysts, however, have been asking how the company plans on generating revenue for months now and it seems we may have an answer, sort of.

Evan Williams, the co-founder and CEO of Twitter, was at an event this week and he was quoted as saying “We will make money, and I can’t say exactly how because…we can’t predict how the businesses we’re in will work.” He then hinted at generating fees from sales related Twitter content.

According to CNET, “He revealed that the company is in talks with large consumer packaged good companies, and whether that’s to sell the company internal services or to help the company monetize its own Twitter feeds, it’s promising.” Williams then spoke to the ways of Google when he responded to another revenue question by stating, ” “We want revenues to be product-based. Google built something that can really scale, and that’s our intention as well.”

Time will tell on how Twitter will gain revenue in the ever so dismal economy but analysts believe Twitter has positioned themselves in the right way.

Twitter, the microblogging service that took internet users by storm, was founded in 2006 and gain rapid popularity by 2007. Twitter is a free social networking and micro-blogging service, that allows its users to send and read other users’ updates (otherwise known as tweets), which are text-based posts of up to 140 characters in length.