Twitter Won't Charge For Corporate Accounts

Twitter will not charge organizations for commercial accounts on the microblogging service. "Whatever we come up with, Twitter will remain free to use by everyone-individuals, companies, celebrities," wrote in a blog post yesterday Biz Stone, one of Twitter's co-founders.

Confusion sparked earlier this week around the web, as reports emerged that Twitter was identifying ways to charge for commercial accounts. But Twitter has "nothing to report just yet" on this topic, and Stone claims that they've just "been thinking out loud" lately.

Twitter has seen a massive spike in popularity over the last year and is now ranking at number 3 in Compete's list of social networks. According to Compete's measurements, Twitter climbed 19 spots last year and has now almost 6 million unique visitors monthly that visit the site around 54 million times during this time.

Twitter is now in the top 5 social networks list, after climbing 19 places in under a year.

However, Twitter's Biz Stone still leaves space for speculation. Although he says the microblogging service will remain free to use by everyone, Twitter is "thinking about adding value in places where we are already seeing traction, not imposing fees on existing services." So basically, all current services will remain free, but future corporate services might not.

Twitter and other social networks like Facebook are still due to come up with a viable business model. But so far, the companies' goal is to gain an even larger user base, which probably at some point will be used as a revenue source.