Twitter appears to be having a subscription platform for its social networking service in the works. A new job listing reveals that Twitter has a new internal team, codenamed “Gryphon,” that is “building a subscription platform.” Twitter is currently recruiting engineers to join this subscription team, with employees collaborating closely with the company’s payments team.
Shares of Twitter (TWTR) rose 8% Wednesday afternoon following the posting. The job posting notes potential Twitter subscriptions would be “a first” for the company, but it’s not clear exactly how Twitter plans to implement a subscription service. Twitter generates the vast majority of its revenue through ad sales and data licensing currently, and a subscription service could potentially provide exclusive content in return for a monthly fee.
UPDATE: Twitter has edited its engineer job listing, removing any mention of their internal team or their subscription feature.
The job listing now says they’re seeking an “Android engineer.” pic.twitter.com/J0LqzUSpKx
— Matthew Keys (@MatthewKeysLive) July 8, 2020
Would you pay for this service?