Wednesday 16 September 2015

Twitter tries to spur growth with shopping and political donations

Twitter Inc's plans to let users buy goods and make political donations through tweets offer a path to reach new customers and build profit at a time the company has struggled to increase its audience.

On Tuesday, Twitter announced it has partnered with mobile payment company Square Inc to accept online donations for U.S. political campaigns. A day earlier, it tied up with payment processor Stripe Inc to let shoppers buy products directly with a tweet.

Both moves, aimed at increasing customer engagement, come as the social messaging service struggles to expand its audience base and as it looks for a new chief executive. Acting CEO Jack Dorsey is also the chief of Square.

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