A job listing suggests that the social media platform is building a new internal team, codenamed “Gryphon,” that is “building a subscription platform, one that can be reused by other teams in the future.” The listing notes it is “a first for Twitter!” The company’s shares jumped by 7.34 per cent in response to the news. (Bloomberg)

Talking point: After media picked up on it, the job posting was edited, first to remove mention of a potential subscription feature in development or the Gryphon team working on it, and then to restore the reference to Gryphon again. In response to inquiries, the company revealed little about the new platform, though it said it will work with its payments and Twitter.com teams. Twitter generates around 80 per cent of its revenue through ad sales, which in Q1 2020 were flat from the same period the previous year. Twitter has previously looked at offering subscriptions as a paid service for power users.