It’s something a lot of people were wondering. How will Twitter monetize itself? Wonder no more. Twitter co-founder Biz Stone announced Thursday that the popular micro-blogging service plans to offer paid accounts to businesses by the end of the year. Users of the accounts will have access to stats and analytics not available to regular users, and quite possibly a new commercial API.
It’s important to note that the new Twitter Pro will be offered to businesses only. Regular users like you and me will not be asked to pay. Businesses have already been tapping into the power of Twitter and have been using it for marketing and customer service. Whether they will be open to the idea of paying for an account in return for specialized stats remains to be seen.
Hopefully, this new revenue model will be successful. However, if it is it will become even more critical for Twitter to implement tighter security measures to fight the spammers and hackers targeting the site and cut down on downtime. Paid customers are not likely to be very accepting of either.
Read [Cnet]
It`s very good for twitter to do this step. This will benefit all the sides