By The Way, Twitter Still Isn’t Making Money

Newspaper people are flummoxed by having more readers than ever and less money than ever. By some cruel twist of fate they now have an increase in demand and less means to shell out the supply. Go for a tour of Hearst Castle and wonder why they never saw that one coming. Because the concept doesn’t make any sense. It’s like a broke super star. How can you be broke if we’re sick of hearing about you?

Anyway, Twitter has still yet to make money. The last time we saw Biz Stone speak he was optimistic Twitter would turn a profit “soon.” Well, according to Yahoo news it’s not yet:

Micro-blogging pioneer Twitter is still looking for ways to make money despite taking much of the world by storm, co-founder Biz Stone said.

Stone, a former Google employee who helped set up the social networking site two years ago, said on Wednesday the service is still “figuring out” the correct business model even with more than 50 million users.

Well at least there’s “hope” of camaraderie for newspapers.

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.