Twitter is an emerging platform, but this does not mean that they are not actively looking for new ways of improvement. One example if their new direction, of offering brands and media companies an alternative to YouTube, according to the statement of Mr. Noto “In August, we will launch the beta version of our new promoted video offering which provides a way for high quality content producers and brands [to] easily upload, share and measure the distribution and effectiveness of their video content on Twitter”.
You might be wondering why Twitter is doing this, as they already have a product which lets advertisers and media companies to promote video content to their users. So what is this new direction actually mean? Mainly, Twitter will allow brands and content producers to upload and promote their content, which will attract to a greater visibility of their brand to the users of Twitter. This will lead to Twitter becoming either another outlet from brands, like Red Bull did while building a huge number of followers on YouTube, or another way of having audiences outside YouTube.
One thing is for sure, Twitter streams are increasingly becoming filled with multimedia and Twitter surely wants a place on the growing online video ad revenue pie. Plus, as Twitter strives to become more palatable to mainstream consumers, more video would seem to help–bringing lots more recognizable names and faces to the platform.