How savvy teens are making a fortune on Twitter [CBS News]
ALTABA INC (AABA)
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Source: CBS News
How savvy teens are making a fortune on Twitter Leave it to clever teens to find a way to monetize their high follower counts on Twitter ( TWTR ) at a time the platform itself has struggled to squeeze out gains in advertising revenue. Groups of young users are teaming up to package their followers and sell retweets using secret Tweetdeck groups. Only users with tens of thousands of followers need apply because volume is the selling point: Companies, brands and even other users can spend a few bucks to all but guarantee their message will go viral. BuzzFeed, which first reported the practice last week, said the groups engaging in so-called "tweetdecking" generate "several thousands of dollars each month" by charging $5 or $10 per retweet alongside weekly and monthly subscriptions that cost hundreds of dollars. Those running their own decks can make up to $5,000 per month, while deck members earn hundreds of dollars a month just by allowing messages to be sent to their followers. The pr
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