Twitter reveals money-making plans

Twitter co-founder Biz Stone has further outlined the firm's plans to capitalise on the huge interest in its services and exploding user numbers, reports Computing.co.uk

Stone said in an interview with the BBC that Twitter is considering two ways to monetise its service. The first is "licensing and syndication" efforts which have already led to tie-ups with Google and Bing.

The second is offering commercial accounts which provide "a specific layer of access", according to Stone. "People are very curious about exactly how we make our money and we're going to be entering into that this year," he added.

Google has introduced technology to YouTube that can automatically add captions to videos using speech recognition, states PC Pro.

The search giant introduced the ability to add captions manually a year ago, but it's a time-consuming process, requiring users to pen their text and then add it at the correct point in the video.

However, Google intends to address this limitation by bringing the technology used in Google Voice - its voicemail to e-mail service - to the video-sharing site.

The EU is in corrective mode on e-commerce after it created a web of burdensome rules in order to inspire more consumer confidence, argues the author of a report examining European rules on online shopping, according to EurActiv.

Patrick van Eecke, a specialist lawyer who was asked by the European Commission to examine laws on cross-border e-commerce, has come to some damning conclusions on EU laws designed to streamline the way cross-border online shopping is done.

A recent EU survey on current conditions for both the consumption and sale of online goods across borders concluded Europeans are being turned off the idea by payment difficulties and a lack of trust in online shopping.