Washington (CNN Business) Twitter (TWTR) is actively exploring additional ways to make money from its users, including by considering a subscription model, CEO Jack Dorsey said Thursday. Earlier this month, rumors flared about a paid Twitter option after the company posted a job opening focused on building a subscription platform codenamed "Gryphon." Twitter's stock surged at the time, signaling investor appetite for the company to find new revenue streams. Shares of Twitter rose 4% in early trading Thursday following the earnings results. Like its rival social networks, Twitter has focused on offering a free service and making money by allowing brands to target ads to its millions of users.

Source: CNN July 23, 2020 14:26 UTC