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Twitter CEO says We are still not profitable

Question asked by Ankita Katdare in #Startups & Business on Aug 30, 2010
Ankita Katdare
Ankita Katdare · Aug 30, 2010
Rank A1 - PRO
In a recent talk with CNNMoney, Twitter CEO **** Costolo, discussed about the new Twitter App: 'Promoted Tweets' and said its been much more successful than what they had anticipated. But they are trying to bring in more advertisers

Their commercial strategy includes promoting transactions i.e. making it easy for people to buy things on twitter. They are trying to enhance the overall user experience.

Check the video at:
[video]https://money.cnn.com/video/technology/2010/08/24/tt_twitter_not_profitable.cnnmoney/?cnn=yes[/video] Posted in: #Startups & Business
Kaustubh Katdare
Kaustubh Katdare · Aug 30, 2010
Rank A1 - PRO
Twitter is yet to profit from its promoted tweets. People have commented that the promoted tweets actually work!

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