Twitter jumps 12% after posting a job listing citing a potential subscription platform
The team building the platform is codenamed"Gryphon," according to the job listing for a senior full-stack software engineer. In addition, it said that the platform will be able to be reused by other teams in the future.
"This is a first for Twitter! Gryphon is a team of web engineers who are closely collaborating with the Payments team and the Twitter.com team," Twitter said in the job listing. The company didn't give any further information about the platform.UBS has compiled an investing playbook for all the possible election outcomes. Here are the 6 trades it recommends to profit from a Trump triumph - and 10 for a Biden blue wave.
A subscription platform could potentially boost revenue for the social media company. In the first quarter of 2020, Twitter's sales rose only 3%, the smallest jump in more than two years, as advertising revenue took a hit amid the coronavirus pandemic.
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