There’s money in micro-blogging. Twitter has made an astounding $25 million (roughly about 15.5 million pounds) just from deals made with Google and Microsoft.
More than half of it is from Google ($15 million), says BusinessWeek, which interviewed two insiders who are familiar with Twitter’s finances — and apparently, the deals made in the boardroom. “The deals were huge,” one says, of the contract signed just two months ago, in October.
And if the numbers are to be believed, he wasn’t exaggerating. With $25 million in just two months it will be interesting how much revenue the company will rake in 2010. Especially since, as Twitter co-founder Biz Stone one said, things are just starting to come together. He’s put a team dedicated to finetuning the site’s “search and discovery perspective.”
The success of Twitter is how it’s turned micro-blogs into an instant feedback system. “Twitter is earning a reputation for delivering real-time results to queries about things that are happening right now.”
Too bad the execs won’t be Twittering if the revenue results are true. The company’s had prior financial struggles, and as recently as November Stone mentioned in his blog that it may use stocks to raise funds.