By Christiana Sciaudone
- Twitter Inc. (NYSE:TWTR). rose almost 9% after reports that the company may be working on a paid service, according to The Verge.
Shares of the social media company were up yesterday on reports that the U.S. may ban Chinese social media apps, notably TikTok. Twitter is up more than 60% since hitting a 2020 low in March.
The Verge cited a job listing showing a new internal team at Twitter named Gryphon that is building a “subscription platform.” Engineers are being recruited to work with the payments team.
