Biz Stone: No Ads on Twitter in 2009; Premium Accounts On the Way

by Jordan Yerman | September 22, 2009 at 12:38 pm

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Twitter co-founder Biz Stone has stated that Twitter will not carry ads in 2009. Biz Stone made this comment during the 140 Twitter Conference at the Skirball Convention Center in Los Angeles, adding that Twitter will offer premium features to bring in revenue.

Though two years old, Twitter is still a baby in terms of development, though TechCrunch says that Twitter will soon be valued at $1 billion.

Privately held Twitter -- known for its 140-character, stream-of-consciousness blogs -- has received plenty of venture funding, but Stone declined to disclose the amounts or valuation.

TechCrunch recently reported that a new round of funding would value Twitter at $1 billion.