Twitter explores subscription-based option for first time

Fri Mar 24, 2017 9:51am EDT
 
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By David Ingram

SAN FRANCISCO (Reuters) - Twitter Inc (TWTR.N: Quote) is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time.

Like most other social media companies, Twitter since its founding 11 years ago has focused on building a huge user base for a free service supported by advertising. Last month it reported it had 319 million users worldwide.

But unlike the much-larger Facebook Inc (FB.O: Quote), Twitter has failed to attract enough in advertising revenue to turn a profit even as its popularity with U.S. President Donald Trump and other celebrities makes the network a constant center of attention.

Subscription fees could come from a version of Tweetdeck, an existing interface that helps users navigate Twitter.

Twitter is conducting a survey "to assess the interest in a new, more enhanced version of Tweetdeck," spokeswoman Brielle Villablanca said in a statement on Thursday.

She went on: "We regularly conduct user research to gather feedback about people's Twitter experience and to better inform our product investment decisions, and we're exploring several ways to make Tweetdeck even more valuable for professionals."

There was no indication that Twitter was considering charging fees from all its users.

Word of the survey had earlier leaked on Twitter, where a journalist affiliated with the New York Times posted screenshots of what a premium version of Tweetdeck could look like.   Continued...

 
FILE PHOTO: The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2016. REUTERS/Brendan McDermid/File Photo