- Twitter is working on a subscription platform codenamed “Gryphon” which has confirmed two job listings posted by the company.
Twitter is working on a subscription platform codenamed “Gryphon” which has confirmed two job listings posted by the company.
Information regarding the paid-for platform remains vague as the first job listing, posted on Twitter’s career page, says the social media giant is searching for a full-stack developer to work with their Payments and Twitter.com teams.
The worklist reads as follows: “We are a new team, codenamed Gryphon. We are building a subscription network, one that many will reuse in the future. This is a Facebook First!
“Gryphon is an engineering team that works closely with the Payments team and the Twitter.com team. We are looking for a full-stack engineer to lead the work of the payment and subscription clients, someone who values teamwork as much as we do and can serve as a bridge to the technical team. It’s a perfect experience for everyone involved in the projects.
A second role for a Scala engineer backend, which no longer allows new applications, adds that “the team must work together to restore some of the Twitter infrastructures and create a subscription management framework” and that “the Payments platform is a cross-organizational partnership between different Twitter teams.”
Twitter shares jumped more than 8 percent in Wednesday morning trading after subscription network news broke. The move could be a way to boost the social media platform ‘s revenue, which currently comes mostly from ad sales and data licensing. In 2019, revenues from Twitter came in at $3.46 billion, a year-over-year increase of 14 percent.
Twitter had previously considered providing subscriptions as a paid service to power users, as reported by The Verge. Users would pay for accessing new data, breaking news updates, and information about what the followers of an account are tweeting about, while the core service will remain free.
Twitter was reportedly proposing a $20 free subscription a month at the time.
The Verge also mentions that Twitter could work on something entirely different, such as a Twitch competitor that would allow users to subscribe for exclusive access to other accounts.
