Twitter is considering a subscription service; shares rise

Twitter is considering alternative revenue streams, including some kind of subscription offering, according to a person familiar with the company’s plans. — Dreamstime/TNS

Twitter Inc shares rose as much as 12% on July 8 amid speculation that the social media company is building a paid subscription-based service.

Twitter is considering alternative revenue streams, including some kind of subscription offering, according to a person familiar with the company’s plans. A new group called Gryphon is still being assembled, and it’s possible that a subscription product never launches, the person added, asking not to be named discussing information that is not yet public.