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Twitter's Williams Unfazed By Lack of Revenue Model

At the annual conference for the Online News Association, CEO/co-founder Ev Williams announced to journalists that he feels no pressure to come up with a revenue model for Twitter.

According to Williams, a lesson he's learned from having founded several companies prior is to "Create something that you want to see in the world" as opposed to "what some M.B.A. brandishing a business plan suggests," The New York Times writes.

Twitter grew 131% in March, swelling to 9.3 million visitors. Last summer, Williams stated the service's strongest revenue potential would come from charging for commercial use by brands. It has yet to make a dime, but in the meantime it's just raised another $100 million in optimistic investor funding and may roll premium accounts out before year's end.

Williams said the company's current preoccupation lies in taming the crowd's chaos. The company currently has a "significant search team" working on improving its real-time search engine.

Twitter is also releasing a toll that enables geographic locations to be embedded in tweets.

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