How Twitter plans to make money

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A $1-billion valuation creates big expectations, especially when the company doesn’t yet have a clear plan for how it plans to generate cash. That’s certainly the case with Twitter, the microblogging site that boasts tens of millions of users (including this reporter) but not much in the way of revenue.

To mollify skeptics, Twitter’s chief operating officer, Dick Costolo, dropped a few crumbs this morning about how his company plans to make money. The short answer: ads. To read more, click here.

-- Alex Pham