Posted on 09/17/2009 11:59:30 AM PDT by nickcarraway
Technology blogs TechCrunch and AllThingsD reported Thursday that the San Francisco microblogging upstart has raised at least $50 million in a new round of venture capital that values the company at $1 billion. Twitter, which lets you share your thoughts online — but only if they can be kept to 140 characters or less — has generated a lot of buzz, but not a lot of revenue. ($1,000,000,000 — that's 14 characters right there.)
Last week, though, Twitter changed its terms of service to open the door to advertising on the site, and co-founder Biz Stone recently said the company would offer services for a fee to businesses by the end of the year. According to a post by TechCrunch founder Michael Arrington, who relies on information from "a source with knowledge of the transaction," New York-based Insight Venture Partners is the lead investor in the latest round.
Twitter previously has raised $55 million in venture capital, according to TechCrunch.
(Excerpt) Read more at mercurynews.com ...
no
That’s up to the twit who is willing to pay that price.
Ping
Within two years....most folks will ask why the hype? And the whole thing will become a joke.
Hell no, it’s not worth 1 billion - that’s an insult. It’s really worth more like 100 billion trillion million. /sarc
the concept is a bit lame for $1 billion.
advertising ought to kill it off pretty quickly.
ebay is almost dead, but for a while it served a very useful commercial function.
twitter has no commercial function and is a spam hyper-magnet.
>>> It’s really worth more like 100 billion trillion million. /sarc <<<<
That’s only if one can lure a bazillion Followers into the Twitverse.
I used Twitter for about a week. I dropped it when I realized how much useless time I was spending reading 500 worthless comments to every one decent twit. My son uses it to advertise his business, but he tells me that he has hired some college student, very cheaply I might ad, who handles all of his social network advertising for his business, so he doesn’t personally have waste a second on them.
yes and no. there is such a thing as objective measures of value (intrinsic and projected).
Of course, they are related to the cost of money.
But then there are the subjective measures...
if a guy fell asleep 20 years ago and woke up and read this...
If I owned it, yes. Otherwise BLEEP no!
No way. Things change too fast. A few years ago it was MySpace. Now Facebook. Now Twitter. Next year it’ll be something else. I would invest a penny in this stuff. It’s all flash in the pan.
How does Craigs List make money? I don’t see any advertising and the posts are free.
my guess is that yes. if you were able to buy twitter shares today, and you are willing to part with them soon when they are likely to be worth more, then yes you will probably make some money. Twitter could go like netscape or aol and get bought buy a bigger stupider company, and then one day 7 years from now there will be a writedown and everyone will forget.
They charge for job postings. (at least in many localitites)
Craigslist seems odd to me. More like a hobby for somebody than a moneymaker. Has anybody offered a billion for it?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.