Twitter to Get Down to Business in 2009, Investors Say

News Type: Event — Seeded on Sat Oct 18, 2008 12:11 PM EDT

Article Source: Wired News

technology, blog, blogging, twitter, social-networking, micro

Major leadership changes Thursday at Twitter renewed questions about its business prospects -- was the replacement of CEO Jack Dorsey by fellow co-founder Evan Williams a shuffling of deck chairs on the Titanic?

But today VC backers of the microblogging service interviewed by wired.com Friday insisted they remain bullish, and Bijan Sabet, a general partner at Twitter backer Spark Capital, revealed that new revenue models will be unveiled in the first half of next year.