Friday, June 24, 2011

Twitter is the world's second most popular social networking site after Facebook

By Daily Mail ReporterTwitter is planning to blend adverts into the free micro-blogging service as the website looks to harness its profit-making potential.
It has so far failed to earn as much as other social media sites but hopes that 'promoted tweets' could change its position.
It is likely to draw complaints from users who have seen limited marketing over the five years since Twitter was set up.
Wise words: Co-founder and CEO Evan Williams has built Twitter into a $100 million business
Wise words: Co-founder and CEO Evan Williams has built Twitter into a $100 million business
This year the company expected to earn $100 million, a figure dwarfed by  Facebook's $3.5 billion profit.
Twitter was launched five years ago in New York after a brainstorming session among members of podcasting company Odeo - Jack Dorsey, Noah Glass, Evan Williams and Biz Stone.
it now has 300 million users with Lady Gaga, Justin Beiber and Barack Obama the most 'followed'.
The website is the world's second most popular social networking site after Facebook.
Twitter is the most popular social media service among FTSE 100 companies, a survey by web development firm The Group discovered earlier this year.
According to the study, 45 per cent of the UK’s blue-chip index now have Twitter accounts.   Read more here

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