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Twitter poised for paid accounts and advertising

Filed under: Technology

Technology is a strange business because it has a lot of financial backing before it even has any way to make money.

Take Twitter, for instance, which has grown to around 58 million users but doesn't seem to have a real business plan. That seems to be changing now that Twitter co-founder Biz Stone told reporters the social media darling is planning to start charging companies for using its platform. The new accounts will be rolled out in 2010.

Twitter: Time's Person of the Year or yesterday's fad already?

Filed under: Technology

twitterAccording to Folio magazine, the Internet microblogging site Twitter is in consideration to be named Time Magazine's Person of the Year (yeah, I think the idea is silly too).

However, the magazine's timing could be poor, as Mashable.com has pointed out that Twitter visitor numbers have plateaued and even declined slightly in the past five months. The site hit 23,579,044 unique visitors in August. By October, this number had dropped by over half a million.

Headlines from WalletPop Partners