NY Post: Unsweet Tweet

$1B Twitter is a cash cow - for everyone but itself
By Paul Tharp
New York Post

Twitter may make millions of dollars this year -- just not for Twitter itself.

Founders Biz Stone and Evan Williams are reportedly shopping for $50 million in funding for the social media site, touting a $1 billion valuation. That's despite the fact that Twitter has not yet released or implemented plans for turning a profit.

Meanwhile, other online ventures have already come up with ways to make money from Twitter, leaving the free service in the dust.

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Twitter's Biz Stone Responds to Google Rumor

Twitter's Biz Stone Responds to Google Rumor

Twitter co-founder Biz Stone Tweeted about, then blogged about, the TechCrunch story that Google is in talks to acquire the too-cool-for-school micro-blogging service. Here's what Biz wrote:

"My inbox is flooded this morning with requests for a response to the latest Internet speculation about where Twitter is headed. It should come as no surprise that Twitter engages in discussions with other companies regularly and on a variety of subjects.

"Our goal is to build a profitable, independent company and we're just getting started. We've got just over thirty employees now and we're working out of a loft in San Francisco's SoMA neighborhood. By the way, we're hiring talented people if you want to join us."