Twitter Aims to Get 1 Billion Users, Matching Facebook Target

Evan Williams, Twitter Inc.’s co-founder said the world’s third-largest social-networking platform will aim to get 1 billion followers, which may help the micro-blogging site compete with Facebook Inc. in attracting advertisements.

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Williams didn’t elaborate on a timeframe.

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"Twitter now is starting to try different types of monetizing methods," said Elinor Leung, head of Internet research at CLSA Ltd. in Hong Kong. "It’s the same as YouTube. They have a lot of traffic, and a lot of people using it, but it’s not easy to monetize because you don’t know who’s watching."

Read more at Bloomberg.com