Overnight Twitter Becomes Profitable, Thanks To Google & Bing
According to a report by Bloomberg News, Twitter will make about $25 million from search deals it announced in October, with Google Inc. and Bing.
The report goes on to say that the revenue generated from Google and Bing, will be enough to push Twitter into profitability.
“”An agreement that made Twitter’s messages searchable on Google’s site will generate about $15 million, said the people, who asked to remain anonymous because the terms aren’t public. A similar deal with Microsoft’s Bing search engine will earn Twitter about $10 million.”"
“”The multiyear agreements will allow Twitter to make a small profit in 2009, said the people, who estimate that its operating costs are about $20 million to $25 million a year. The San Francisco-based company, which started in 2006, has about 105 employees, according to its Web site.”"
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And I thought Twitter was all spam now. It is about to get much worse.
I always get a little nervous clicking on shortened URLs.
Good point JS…let the gaming begin…
it’s only an illusion… today’s revenue must be compared with all the money invested and lost on Twitter in the past…