MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Dubai Stocks Could Fall a Further 30%: Charts
- Dubai Markets Open Sharply Lower for Second Day
- Treasury Threatens Banks, Not Borrowers
- Should Homeowners Be Able To Walk Away From Mortgage?
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- What to Expect from Cyber Monday
- Notre Dame Fires Charlie Weis After 5 Seasons
- China Hires Foreigners to Manage Forex Reserves
- Cutting Jobless Will Take Time: White House's Summers
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- Tuesday's ISM in Focus as Bulls Call for Turn in Dollar
- Arrest Imminent in Florida Ponzi Case: Report
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Good Sign for the Economy: 'Greed' Makes a Comeback
Text Size 
Internet sensation Twitter now has 32 million users—up from just 1.6 million a year ago—but the private company still hasn't solidified its business model, CEO and co-founder Evan Williams told CNBC.
"People seem to be a little obsessed with that at this conference, but it's early for us," Williams said in a live interview at the Digital Conference in California on Wednesday. "Fortunately we have time to figure out the business ... It's going to take a little bit."
Despite the uncertainty, Williams said he's considered implementing ads onto the site and possibly charging a fee for businesses and celebrities who use the service as a public relations or marketing tool.
"There [is] a lot of business use on Twitter today, from small cafes that are sending out their special of the day and connecting with their customers that way, to big brands like Comcast and Starbucks who are using it for marketing and customer service," Williams said.
He added that whether a user enters the site for personal or professional purposes, pretty much everyone has a reason to visit. This provides the company with unlimited potential.
And it's because of this potential that Williams rejected Facebook's $500 million offer to purchase the company, adding that he would even turn down a $1 billion offer.
Still, Williams didn't reject the idea of joining with the social networking site, saying "we're open to different possibilities."
"We think we can grow a longterm, sustainable and valuable business," he said, "and we're just getting started."
Print
Email
- Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
- UPS is giving its customers the option to offset its carbon emissions when sending a package.
- Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes