Monday, December 21, 2009

Twitter makes some $$$$

Social networking sites like Facebook, Twitter and LinkedIn have been all the rage for the past few years, but the big question of profitability was always looming. Sure, they had a lot of members, but did these companies have any way to make money?

Well, Twitter seems to have figured it out, at least for the time being. Twitter has just signed two agreements which will allow Twitter posts to be searchable by Google and Bing (Microsoft). The respective $15 and $10 million dollar agreements will open up your Twitter tweets to data mining, and will make the company profitable (we think - Twitter is privately held, and isn't giving away all their financials.)

Read more at BusinessWeek: "Content-Search Deals Make Twitter Profitable"

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