Twitter Will Grab Revenue with @earlybird Deal Alerts

Bargain shoppers may like Twitter's latest revenue effort with @earlybird tweets to point to deals on the web. Twitter's new @earlybird service will compete with sites like Groupon, Livingsocial and and builds on offerings from Dell and others. Twitter wasn't specific about how its @earlybird service will earn revenue.

Twitter isn't quite taking on Amazon.com head-to-head, but the micro-blogging service is venturing into e-commerce in its own unique way. Twitter is launching a new service to point customers to some of the best deals on the web. The service will compete with a growing number of deal sites like Groupon, Livingsocial and Tippr.

Dubbed @earlybird, Twitter's latest venture will tweet exclusive offers from major brands. Twitter described the offers as "special time-bound deals, sneak peeks, and events." The program seems to play off of, or at least complement, Twitter's recently launched Promoted Tweets service. If successful, it could offer Twitter a much-needed revenue stream.

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