Twitter profitability - AllTwitter http://www.mediabistro.com/alltwitter The Unofficial Twitter Resource Copyright 2013 Tue, 18 Jun 2013 23:00:51 +0000 http://blogs.law.harvard.edu/tech/rss http://wordpress.org/?v=3.4.1 Twitter Now Seeing 400 Million Tweets Per Day, Increased Mobile Ad Revenue, Says CEO Twitter just keeps on getting bigger. And, perhaps, has finally cracked the nut that continues to hang over the platform’s head: profitability.

Speaking at The Economist‘s Ideas Economy: Information 2012 event yesterday, Twitter CEO Dick Costolo revealed a couple of juicy tidbits about the state of the micro-blogging platform, circa June 2012. One, that Twitter is now seeing a heady 400 million tweets per day. And two, that mobile advertising surpassed the company’s non-mobile revenue stream for the first time two weeks ago.

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]]> Shea Bennett http://www.mediabistro.com/alltwitter/twitter-400-million-tweets_b23744#disqus_thread http://www.mediabistro.com/alltwitter/twitter-400-million-tweets_b23744 http://www.mediabistro.com/alltwitter/?p=23744 Thu, 07 Jun 2012 08:00:25 +0000 Twitter On Future Profitability: "We're Thinking About Big, Big Numbers." Twitter Chief Operating Officer Dick Costolo (@dickc) has been outlining Twitter’s plans for its new advertising system and addressing concerns about the company’s long-term monetization goals.

“We were valued at over a billion dollars last September, so we’re going to live in a world where we need to be generating hundreds of millions of dollars in revenue,” Costolo told Reuters. “We’re thinking about big, big numbers.”

Other points of interest:

  • Twitter is currently adding another dozen advertisers to their Promoted Tweets platform, which Costolo says has been “successful beyond our wildest dreams.”
  • Costolo says Twitter will start to “ramp this up aggressively” beginning in the third quarter of 2010
  • The long-hyped premium Twitter accounts are due this July or August

Costolo: “I’m super confident but it’s a dark tunnel and we’ll see where we are at the end of Q4.”

(Source: Reuters.)

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]]> Shea Bennett http://www.mediabistro.com/alltwitter/twitter-profitability_b5719#disqus_thread http://www.mediabistro.com/alltwitter/twitter-profitability_b5719 http://twittercism.com/?p=3429 Wed, 19 May 2010 09:18:13 +0000