Twitter Posts Job Posting for Developing Paid Subscription Service; Will Platform Become Pay-to-Use?
Shares for Twitter’s stock surged more than 8% on Wednesday as the company posted an online job listing for a developer who would work on a new system designed as a pay-to-use platform.
The job listing advertises the opening for a project team termed “Gryphon.” The company describes the team as creating a “subscription platform” that “can be reused by other teams in the future.”
In a statement to CNN on the job listing, Twitter underplayed the announcement, stating that it was only a job listing, not a product announcement.
“We’re conducting this survey to assess the interest in a new, more enhanced version of Tweetdeck. We regularly conduct user research to gather feedback about people’s Twitter experience and to better inform our product investment decisions, and we’re exploring several ways to make Tweetdeck even more valuable for professionals.”
CEO Jack Dorsey has resisted shareholder demands to reorganize Twitter to prioritize profitability, most recently fending off a buyout attempt staged by oligarch Paul Singer challenging his leadership of the company. Dorsey kept his position of power over the company after reaching an agreement with profit-hungry shareholders, and the new development of paid subscription software could signal he intends to further satisfy them.
The company’s major investors will likely be pleased by any sign the company intends to convert its service into a pay-to-use model, evolving away from the tradition business model of micro-targeted ads towards its user base. However, a change to a subscription model could prove to be a threat to Twitter’s appeal, especially when newer free speech platforms are gunning for the platform’s user base and the company caves to the demands of censorious liberal journalists in suspending a variety of public figures deemed inconvenient to the neoliberal societal model.
Ultimately, the greed and thirst for power of the privileged elites of Silicon Valley could possibly bring about an end to their era of domination over online political speech, heralding a renaissance of the internet.