Twitter explores subscription-based option for first time

Discussion in 'Wall St. News' started by dealmaker, Mar 25, 2017.

  1. dealmaker

    dealmaker

    ByDavid Ingram|SAN FRANCISCO
    Twitter Inc (TWTR.N) is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time.

    Like most other social media companies, Twitter since its founding 11 years ago has focused on building a huge user base for a free service supported by advertising. Last month it reported it had 319 million users worldwide.

    But unlike the much-larger Facebook Inc (FB.O), Twitter has failed to attract enough in advertising revenue to turn a profit even as its popularity with U.S. President Donald Trump and other celebrities makes the network a constant center of attention.

    Subscription fees could come from a version of Tweetdeck, an existing interface that helps users navigate Twitter.

    Twitter is conducting a survey "to assess the interest in a new, more enhanced version of Tweetdeck," spokeswoman Brielle Villablanca said in a statement on Thursday.

    http://www.reuters.com/article/us-twitter-subscription-idUSKBN16U38A
     
  2. That must be the reason why they haven't added much needed features to tweetdeck for 3 years.

    I give them 2 cents a year for a sub.
     
  3. RAMOUTAR

    RAMOUTAR

    Too much, too little, too late. The only sensible option for TWTR is to not turn down their next buyout offer (if they get one). This one is dying on the vine. I hold back from shorting, I feel a buyout offer is imminent.
     
  4. the only buyout twitter will get is when it files for bankruptcy; trump will buy it so he can keep tweeting
     
    Cuddles and dealmaker like this.
  5. Twitter just goes to show you it's all about the growth. Just a huge subscription base. When will they hire management that can innovate?
     
  6. Cuddles

    Cuddles

    yeah, good luck with that