While this may already have been quite a news online for some time now, Twitter has changed their Terms of Service and it actually looks better now. Firstly, they have opened doors for advertising which means, they can now profit from their huge traffic. It had always been a matter of great speculation as to how Twitter might be able to make money in the growing field of Social Media.

Moreover, Twitter has reiterated that the tweets sent by members belong solely to the sender but Twitter reserves the right to modify, redistribute, publish and do whatever they want with it. The original tweet’s ownership however lies with the sender. APIs will also be given a major boost and Twitter has welcomed developers. Twitter is taking spam very seriously and anyone found indulging in such behaviour would be dealt with severely.

Twitter has actually made a smart move, considering the short time period they had to taste success. The difficult and arduous task of taming a growing Twitter audience now lies in the hands of policy makers who would have to struggle with a bourgeoning online presence. It would be interesting to see how things develop though.