Twitter Leads Tech Stocks Higher On Subscription Service Speculation

deadline.com:

Jill Goldsmith Co-Business EditorTwitter shares were up nearly 9% in a flat market as reports, sparked by a job posting, circulated that the social media platform, is contemplating some type of subscription platform.The posting was for a developer to work on a team called Gryphon.“We are a new team codenamed Gryphon.

We are building a subscription platform, one that can be reused by other teams in the future. This is a first for Twitter!” the post said. “Gryphon is a team of web engineers who are closely collaborating with the Payments team and the Twitter.com team.”It’s not at all clear what a service would look like.

The company acquired startup Periscope, a live video streaming app, before it launched in 2015. It’s still around but faces.