09
Sep
09

Market News: Twitter

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Sept. 9 (Bloomberg) — Twitter Inc., the Web site that lets people post 140-character messages, plans to add services for businesses that will generate revenue in the fourth quarter, co-founder Biz Stone said.

The products might include an “analytics dashboard” to help companies monitor Tweets about their business, or verified corporate Twitter accounts, Stone told reporters yesterday at an event in Mexico City.

Twitter, based in San Francisco, is seeking ways to generate revenue after reaching 20.1 million U.S. users in June, according to researcher ComScore Inc. in Reston, Virginia. Companies using the service to communicate with customers may be willing to pay for added features, Stone said.

The paid services would probably be offered on a limited basis at first, Stone said. He didn’t say how much they will cost or how much revenue they could generate.

This information is all courtesy of http://digg.com/d313iwm

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