Twitter has secured funding from five new investors rumoured to be in the region of $100 million:
Social networking website Twitter has confirmed that it has closed a “significant round of funding”.
Co-founder Evan Williams said in a blog post that the site had secured money from five investment firms.
However, he did not confirm earlier reports that suggested the firm had managed to secure $100 million (£62m), which would value the firm at $1bn.
Which is all fine and dandy if a bunch of tweets making a twat (apologies to the boy Cameron) is your thing, but how, exactly, do these investors expect a return on their money?
Industry watchers have pointed out that the firm still has no way of making money.
Yes, quite.
However, earlier this month the site revised its terms and conditions to allow advertising on its service.
“We leave the door open for advertising. We’d like to keep our options open,” wrote co-founder Biz Stone in a blog.
Ah… so when you twat, or twit, or whatever, you or your recipient will be bombarded with adverts for crap you never knew that you didn’t want. Wow! Fantastic!
I think my original assessment of Twitter being total waste of time (TWOT) remains intact.
the obvious way forward for them, is to take government funding (from numerous governments), and thus all those climate camp types and the like will be busy passing over their numbers and contact details and everything else. The governments would save a load as it would make their total surveillance plans a lot easier, and they could hide it under some sort of community building.out reach program.
Did you notice that the CEO of FeedDemon has ‘flown to the coop’? Things are going to be interesting pretty soon.
I didn’t ‘get’ twitter – at all – until today, actually; when i discussed something with someone i had never met who lives a few miles away. Suffice to say i now ‘GET IT’ and somewhat regret not having done so earlier. Key to my discovery was a mobile tool for usage, as opposed to a pc… and no, it wasn’t an idiotPhone 🙂
.-= My last blog ..http://www.thirteen23.com – Blu for twitter and a whole lot more. What… =-.
I still don’t see a use for it, myself. I can use text for short messages to people I know. If I don’t know them, why would I want to send them messages?
Blogging, however, is a different matter – I can put up a discussion piece and make a case without any word limits.