Twitter planning "enhanced" pay-to-tweet service

Social networking phenom du jour Twitter looks set to move into a subscription-based model in the near future - but seems likely to always maintain so

Social networking phenom du jour Twitter looks set to move into a subscription-based model in the near future - but seems likely to always maintain some form of free service.

Biz Stone, co-founder of the microblogging website, told Reuters that there may well be an expanded version of Twitter aimed at "commercial entities" arriving in the near future: "if these services are valuable to companies, we think they may want to pay for them."

Twitter has been around for three years, but has yet to make its founders any money. They had initially planned to start seeking revenue in 2010, but the service's recent upsurge in popularity has convinced them to speed up their plans.

This news comes only a day after music streaming service Last.fm revealed it would be charging many of its users a monthly fee for features that were previously free, but we very much doubt Twitter will go the same way - such a move would probably push tweeters back into the bosom of major rival Facebook.