Twitter in 2010: Acquisitions and Revenue says Biz Stone

Twitter co-founder Biz Stone has been on quite a press tour of late, giving us bloggers and journos plenty to talk about.

Biz Stone

Biz Stone [Twitter co-founder] has been on quite a press tour of late. In his latest stop off, Tel-Aviv, the entrepreneur has confirmed more acquisitions are in the pipeline for 2010. Stone said: “That is something we are definitely interested in… We made an acquisition last year that turned out to be an outstandingly good decision. As our attention is grabbed by some of these developers, we will take a hard look at them.”

Twitter’s only acquisition as yet was Summize in 2008, now simply known as Twitter Search. Stone also addressed Twitter’s ambitions to make 2010 a drive towards profitability, potentially through “non-traditional advertising”.

Stone also added: “2010 is really going to be the revenue year. I don’t know if we’re going to be profitable, but we have plenty of time. We are making some money today, but it’s just the beginning,” Stone said. Current revenue comes from companies paying to use Twitter’s data, these include partnerships with Google and Microsoft. [via TheNextWeb]

Share this article

We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Coinspeaker Ltd.