Twitter has cemented its role as the place where a global dialogue on everything from Israel's bombing of Palestine to Kanye West's relationship status unfolds--and it's already replaced television as the go-to resource for breaking news events. Now all the company has to do is figure out how to make money without turning off its 500 million active users.
The micro-blogging service currently gathers revenue through promoted tweets, promoted trends--in short, advertising. In an effort to maximize the profit from those sources, Twitter has been steadily updating its terms of service to make it more difficult for third-party apps to make money on its back. This has resulted in speculation that many well-known apps, including as Flipboard and Hootsuite, may have to find a business that doesn't rely on Twitter's API as much as they do today.
And Twitter itself is expanding beyond those 140-characters, it seems. The feed now includes photos and videos, and designated news outlets (including Fast Company) are able to show the headline and first few sentences of an article.
7 Leadership Lessons From A Mind-Meld Between Twitter's Dick Costolo And Venture Guru Ben Horowitz
Twitter's CEO and "Founder" Dick Costolo interviewed Ben Horowitz of VC powerhouse Andreessen Horowitz at Fast Company's Innovation Uncensored event in San Francisco. Here's what you missed.
The World's 50 Most Innovative Companies: #6 Twitter
To illustrate how much Twitter drove our global dialogue, we culled the most talked-about topics into a crossword puzzle.
I Want My Twitter TV!
Why everyone -- CNN, MTV, Conan, and even Google -- is tweeting about the future of interactive entertainment.