Twiiter Fail
via twitter.com
Strategic Marketing Dude. Aging guitar hacker. I have been known to howl at the moon on occasion.
Currently working on my Social Media Strategy chops at Consensio.
Now the start-up appears to have chalked up another achievement. Twitter, which has no discernible revenue, is set to raise about $100 million of new funding that would value the company at around $1 billion, a person briefed on the company’s plans said Thursday.
Count me as a sceptic on the long term business value of twitter. Eventually twitter needs to not only have revenue but make a profit. I guess I am not as smart as the people putting up the money - but I don't see how that happens. The basic service needs to remain free, otherwise the users will run away. And twitter does not have a natural targeting mechanism, like search, to attract a lot of advertising. I just don't get it.
