The subscriptions will allow Twitter to tap into a broader range of revenue sources in a world where online advertising is dominated by a Facebook-Google duopoly.
Extreme measures such as banning Trump highlight the extraordinary power that Twitter and other Big Tech companies can wield without accountability or recourse, Twitter CEO Jack Dorsey wrote.
Twitter had been President Trump’s primary megaphone, the tool he tapped to push his policies, disperse falsehoods, savage his critics and speak to more than 88 million users almost every day.
In an unprecedented step, Facebook and Twitter suspended President Donald Trump from posting to their platforms Wednesday following the storming of the U.S. Capitol by his supporters.
The push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the companies with subpoenas to force them to address accusations of censorship in the closing weeks of the presidential campaign.
Twitter was wrong to block web links to a political story, CEO Jack Dorsey said on Friday, as the company responded to criticism over its handling of an article that led to cries of censorship.
A 17-year-old hacked the Twitter accounts of prominent politicians, celebrities and technology moguls to scam people around globe out of more than $100,000 in Bitcoin, authorities said Friday.
The FBI said Thursday it is investigating the hacks, and said the high-profile accounts “appear to have been compromised in order to perpetuate cryptocurrency fraud.”
The ruse included bogus tweets from former President Barack Obama, Democratic presidential front-runner Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk.
Candidates running at all levels of government have turned to cheaper and potentially more effective social media ads to reach voters.
Twitter’s drop of 18.5 percent Friday morning comes one day after Facebook lost 19 percent of its value.
The Tuesday following Thanksgiving—after Black Friday, Small Business Saturday and Cyber Monday—has become known for ushering in millions of dollars for thousands of charities.
The fast-growing social media analytics company has opened a downtown office and chosen two locals to lead its product and sales divisions.
More small businesses are turning to technology to connect with clients. Nationwide, over half of firms with fewer than 100 employees use social media, according to a 2012 survey from research firm SMB Group Inc.
The Indianapolis Colts’ Jim Irsay is among only a handful of NFL owners tweeting and has three times as many followers as such high-profile owners as the Dallas Cowboys’ Jerry Jones. His offbeat tweets are seen as marketing genius by some. Others wonder if they ramble a bit too far out of bounds or undermine Irsay’s staff.