Will Twitter Ever Have a Business Model?

It’s a good question. Twitter—and similar aspects of other services, such as Facebook’s status updates—may have ushered in a new era of communication, according to Wired, given how many people learned of the LA earthquake last week from these services first, instead of from traditional news outlets.

But despite the site’s influence, Twitter isn’t looking for money yet. “At this point, given that we have plenty of money in the bank, it makes a lot more sense not to distract ourselves with trying to put the finishing touches on a revenue plan,” said Biz Stone, the 34-year-old co-founder of Twitter in the report.

The article goes into detail about how Twitter is simply echoing Facebook and other Web 2.0-style services that aren’t focused on monetizing their properties, and into various ways in which that may be possible in the future. It’s an interesting read… especially for the oodles of me-too mobile social services that have sprung up in recent months.

Join Baratunde Thurston (left), The Onion’s Director of Digital and author of How to Be Black, for an entertaining look at creative social media campaigns in our Social Media Marketing Boot Camp starting February 16. Other speakers include Morin Oluwole (Facebook), Tim Devane (bitly), and SocialTimes' writer Devon Glenn.   Register now.