Twitter job postings point to a new subscription platform

Twitter stock jumps 7% after job postings mention new subscription platform

Blue Twitter banner

Twitter is reportedly working on a new subscription platform. The tech giant has posted two online job postings hinting at the new platform. “This is a first for Twitter!,” the company stated in one of the job postings. 

On its career portal, Twitter lists a senior full-stack software engineer position that talks up the new subscription platform. Per the posting, the platform is meant to be “reused by other teams in the future.” While the job description offered few specifics on the subscription platform, the person who lands the gig will join the new Gryphon web engineering team and work closely with Twitter.com and the company’s Payments team. 

Twitter also posted an ad on LinkedIn seeking a backend Scala software engineer based in Great Britain or Scotland. The hire will work for Gryphon and, according to the job posting, will “be collaborating to rebuild some of Twitter’s services to produce a subscription management platform.” 

A person familiar with Twitter’s plans told The Wall Street Journal the company is exploring numerous revenue-generating initiatives. At this time, though, the social media company has made no product decisions.

While Twitter isn’t ready to confirm a new subscription platform, the job postings have led to discussions about what Twitter may have in store for its users. There’s plenty of speculation that Twitter may develop an ad-free, highly customizable premium version of its social media network.

The news of Twitter launching a premium subscription service also comes just months after Elliot Management sought to oust Twitter CEO, Jack Dorsey. Elliot Management ultimately backed off, but Dorsey has been under pressure to increase share prices

Following reports of the job postings, Twitter shares climbed more than 7%.

Featured Resources

BCDR buyer's guide for MSPs

How to choose a business continuity and disaster recovery solution

Download now

The definitive guide to IT security

Protecting your MSP and your customers

Download now

Cost of a data breach report 2020

Find out what factors help mitigate breach costs

Download now

The complete guide to changing your phone system provider

Optimise your phone system for better business results

Download now

Recommended

Facebook bans Signal's crafty anti-tracking ad campaign
data protection

Facebook bans Signal's crafty anti-tracking ad campaign

5 May 2021
What is Section 230 and why does it matter?
Policy & legislation

What is Section 230 and why does it matter?

30 Apr 2021
YouTube growth spikes as most other social media sites stagnate
social media

YouTube growth spikes as most other social media sites stagnate

8 Apr 2021
Supreme Court justice targets social media
Policy & legislation

Supreme Court justice targets social media

6 Apr 2021

Most Popular

KPMG offers staff 'four-day fortnight' in hybrid work plans
flexible working

KPMG offers staff 'four-day fortnight' in hybrid work plans

6 May 2021
Dell patches vulnerability affecting hundreds of computer models worldwide
cyber security

Dell patches vulnerability affecting hundreds of computer models worldwide

5 May 2021
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

29 Apr 2021