If it’s one thing folks in the  valley and elsewhere in the blogosphere like to pick on is Twitter’s revenue model or lack thereof. Techcrunch enlightened everyone today on the hoax by BBspot about Twitter’s purported premium accounts,

The author of the post mocks Twitter’s lack of an apparent business model after 3 years in operation, and writes that the startup’s CEO Evan Williams today finally announced plans to introduce a paid premium account scheme. Never mind that the news would have gotten broken on an obscure blog when the U.S. is mostly asleep, but other things should have given away that this concerns a hoax. 

Twitter revenue is no doubt a sensitive issue for the VCs who are coy on the subject. Last month, it was Readwriteweb who reported on a conversation with Todd Dagres, one of the investors in Twitter. Dagres laughed off questions on Twitter’s business model or lack thereof,

“We think it’s kind of funny…We know how we’re going to do it, and we’re very confident about how we’re going to do it, and it’s not necessarily in our interest to tell people