Social media site plans revenue boost in the fourth quarter

Twitter will begin offering a paid-for account in the last three months of this year, which it hopes will be attractive to business customers.
Twitter will start charging some users for their accounts in the last three months of this year, as the social media site starts to become profitable.
Co-founder Biz Stone noted that it was not yet clear how much the paid-for accounts will cost, but they will be aimed at business customers with features to help them monitor their tweets, reported Bloomberg.
Features possibly in the pipeline are an analytics dashboard and the option to create verified corporate accounts.
In a separate project, the company is also designing a way of using Twitter accounts to help people find others who share hobbies or interests in their town or region.
Biz Stone claimed that there is still plenty of growth left in the company because many people know about the social media site but do not have an account, which he suggested is an opportunity for growth.
This week, research by Freshbusinessthinking.com indicated that 45 per cent of small to medium-sized enterprises are using social networking websites to market their products.

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