• Businessweek, Monday, December 21, 2009 2:39 PM

Thanks to separate search indexing deals with Google and Microsoft, Bloomberg BusinessWeek is reporting that Twitter is now a profitable company. First announced in October, Twitter's multiyear agreements with Google and Microsoft's Bing are reportedly worth $15 million and $10 million, respectively. According to unnamed sources, Twitter also achieved profitability by reducing expenses.

For example, it has gained bargaining power with telecom companies -- which it relies on for distributing billions of text messages over wireless networks -- and has managed to renegotiate so many deals with carriers that the company pays far less for the services.

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