Twitter launches paid-for service

Twitter adds ads and paid-for accounts this month, looking for ways to monetize its popular microblogging service
Twitter adds ads and paid-for accounts this month, looking for ways to monetize its popular microblogging service

Twitter is offering a range of extended services to those members of the so-called Twitterati that want to use its service for business purposes.

Companies can now pay a fee to receive the enhanced version of the social networking tool.

"We think there will be opportunities to provide services to commercial entities that help them get even more value out of Twitter. If these services are valuable to companies, we think they may want to pay for them," Biz Stone, co-founder of Twitter, told Reuters.