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Twitter Turns Tweets Into $$$ With Gnip

In other Twitter news, the top micro-blogging platform has entered into a partnership with social data streaming service, Gnip. Per the deal, Gnip will offer 50% of all the messages posted to Twitter for $360,000 per year, or 5% of all messages for $60,000 per year, ReadWriteWeb reports. "Customers will only be allowed to analyze the messages, not display them, and resale of the content itself will remain prohibited," according to the blog. Twitter and Gnip point out that this is the first time a structured, reliable arrangement has been available for the many customers interested in purchasing a large quantity of streaming Tweets.

Still, notes ReadWriteWeb, "Sale of the 100% full firehose will remain in the hands of Twitter itself." The full "firehose," in case you're wondering, contains about 1,000 Tweets every second. ReadWriteWeb wonders whether the pricing model will cut too many small innovators out of the market. Independent data developer Pete Warden sure thinks so, explaining that, "There are companies willing to pay that much."

Read the whole story at ReadWriteWeb »

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