Twitter to cash in on businesses

The incredibly popular micro blogging service Twitter, which has been unable to yet turn a profit, is planning to generate income from Twitter by the end of the year; says Biz Stone, who is Twitter’s co-founder.

There are a few ways that Twitter can start turning a profit, and they all involve charging businesses that use Twitter.

One method that Mr Stone has proposed is simply charging a fee to their business users; while another way of making money from Twitter is charging businesses for an optional premium service, which lets them view more detailed information about Twitter users.

The news of Twitters planned monetisation was coupled with the news that location based features will be added to the service, which will let Twitter users see where “tweets” are being sent from; and allow businesses and people to track “tweets” coming from specific cities and neighbourhoods.