Twitter to Turn A Profit in ’09

It turns out that the wars between Google and Bing over real-time search turned out to be a great revenue boost of $25 million for Twitter. Twitter has been notoriously known for being a company that has drawn in investor money but has never been able to return the favor in profit. Now, that little boost from Google and Bing has allowed them to squeeze out the first profit ever at the end of 2009.

Biz Stone, one of the co-founders of Twitter, did not make an official statement regarding the rumored profit margin, but did send an e-mail saying:

“We’re thrilled about the partnerships we’ve formed this year and we’re looking forward to opening Twitter even more in the future,”

Now, investors can breathe easier now that the first step has been made. With the new year just around the corner, the next step for Twitter is growing the profit and creating new ways of monetizing its popular microblogging service.

Read [Business Week]