Twitter CEO Evan Williams has indicated that Twitter will start making money in the first quarter of 2008.

The Silicon Alley Insider reports that Twitter has no intentions of raising further capital in 2009 and is in talks with ‘large consumer packaged good companies’ about its business model.

While we don’t know WHAT Twitter’s business model will be, Mr Williams has revealed some changes that Twitter has in the works.

Among other things, Twitter will allow Twitter friends to form groups for easier following, and will also make the micro-blogging service easier to use.

Fewer site outages would be nice too…

Source: Eric Krangel, “Twitter: Secret Business Model On Track For Q1”, Silicon Alley Insider, December 3, 2008

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