Twitter to Double Revenue Next Year

Posted by Knowlton Thomas

Twitter—which is not a social network—is poised to nearly double its revenue next year, according to a new report by eMarketer.

The real-time information network is on pace to make about $140 million this year (a 210% leap from 2010) and then $260 million next year, an 86% jump. In 2013, Twitter could generate up to $400 million.

The microblogging platform has been slow to monetize but a sustainable business model is finally materializing. However, it is far from globalizing: the report suggests that Twitter will rely on 96% of its revenue this year coming from the U.S. and will still depend on America for as much as 88% of its revenue in 2013.

Twitter has over 200 million users, about half of which are considered "active."

Company:
Twitter
Website:
http://www.twitter.com
Location:
San Francisco, California, United States

Twitter is a privately funded startup with offices in the SoMA neighborhood of San Francisco, CA. Started as a side project in March of 2006, Twitter has grown into a real-time short messaging service that works over multiple networks and devices. In countries all around the world, people follow the sources most relevant to them and access information via Twitter as it happens—from breaking world news to updates... more


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



Who's Hiring



Recent Comments

Powered by Disqus