Twitter Apparently Has A “Truckload” Of Money

[CEO Dick Costolo} would not address whether or not the company was actually profitable, but he made it clear that in addition to this aforementioned truckload of money in the bank, Twitter’s advertising business is also thriving, bringing in additional cash.

Without getting into specific numbers, Costolo said that Twitter currently has thousands of advertisers buying ads – such as Promoted Tweets, Promoted Trends and Promoted Accounts – on the network and that he expects this number to grow to the tens of thousands by the end of 2012.

And, perhaps most interesting to Twitter users who have been with the network since the beginning, he implied that the company would be minimizing the importance of those 140 characters, instead focusing on that shorter text limit as a gateway to other content.

#tech #twitter #revenue #startups

11 months ago

Twitter Apparently Has A “Truckload” Of Money

Comments & Reactions

3 notes

courtenaybird