Just a couple days ago, Twitter cofounder Biz Stone was publicly saying that advertising wasn’t part of the company’s revenue plan. Oh, how a few days change things.
In a post on Twitter’s blog, Stone writes, “to say we are philosophically opposed to any and all advertising is incorrect.” He goes on:
“The idea of taking money to run traditional banner ads on Twitter.com has always been low on our list of interesting ways to generate revenue. However, facilitating connections between businesses and individuals in meaningful and relevant ways is compelling. We’re going to leave the door open for exploration in this area.”
Stone then uses the blog to say he’s speaking at the Cannes ad festival next month. Open mouth, extricate foot, keep Cannes speaking gig.
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