Twitter To Make Money

PC World posted the following article: “The unthinkable has happened: Twitter has decided to make money. Longtime users of the microblogging service, which for years has operated without a viable business model, are anguished at the prospect of paid ads appearing among their tweets. But advertising is just the tip of the iceberg. Twitter’s vast and ever-growing data store will be the true profit center, say company execs — both for Twitter and for independent developers.

Exactly to what extent Twitter plans to make its data available to outside parties remains unclear, but the company’s APIs are already accessible for developers to access its services, and last October it signed deals with Google and Microsoft to allow tweets to appear alongside search results. Now Twitter is reportedly developing “analytical products” aimed at marketers who want to mine the Twittersphere for insight into public opinion about companies, products, and brands — and it’s encouraging others to do the same.

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In so doing, Twitter joins a growing number of online companies in creating a new kind of software platform. In the past, tool vendors have offered developers languages and code libraries that gave them access to computing functions in simple, standardized ways. In this new paradigm, however, a platform consists of more than just frameworks and APIs. It also comes prepackaged with a complete, rich data set, and often that data is the platform’s most valuable aspect. These new “data platforms” are creating exciting new opportunities for developers, though they are not without their challenges. READ MORE HERE

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