The co-founder of Twitter Biz Stone has confirmed that Twitter plans to charge businesses for extra services. There are few details or dates. But that’s the question in all of our minds—especially the investors who put $20 million into Twitter and I assume want to see a return.
No doubt Twitter has proven its value—TechCrunch wrote that Dell made a million over the holidays by using Twitter to tell people about discounts and sales.
There are said to be anywhere from 4 million to 6 million people using Twitter (LinkedIn.com is said to have over 20 million users and turn a profit). The problem with monetizing social networks is that people don’t go there to buy, but to communicate. Plus, they’re used to getting everything free. Even Dell’s VP was quoted as saying that Twitter better keep it simple and inexpensive if they do plan to charge.