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Twitter teams up with Bloomberg on 24/7 streaming news; stock jumps

Twitter is looking for ways to grow its video services and garner more video advertising dollars. It sees live news as a natural focus. In an internal document obtained by Bloomberg last year, Twitter co-founder and Chief Executive Jack Dorsey said he wanted his company to be “the people’s news network.”

About 29% of consumers say they get most of their news from social media, according to Parks Associates.

From the article "Twitter teams up with Bloomberg on 24/7 streaming news; stock jumps" by James F. Peltz and David Pierson.

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Password sharing cost streaming companies about $9.1 billion last year, according to data from the research firm Parks Associates. From the article "The streaming wars are flooding us with TV".

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