Twitter denies ecommerce plans

Twitter CEO Evan Williams has denied the company plans to make money through ecommerce and sponsored direct messages.

Evan Williams CEO Twitter

The plans were originally outlined by a general partner at Twitter investors Institutional Venture Partners and, according toThe New York Times Twitter board member Todd Chaffee.

On a New York Times blog, Chaffee wrote, “As people use Twitter to get trusted recommendations from friends and followers on what to buy, ecommerce navigation and payments will certainly play a role in Twitter monetisation.”

But Williams has denied the plans, according to reports. “To be clear: Todd is a Twitter investor and a very smart and helpful guy, However, he is not actually on Twitter’s board and, in this article, he’s brainstorming on his own,” he said. “These are not in the least bit concrete plans of the company.”

This story first appeared on newmediaage.co.uk

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