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Summary:

An editorial (written in the Miami Herald, no less) posits that “Twitter poses risks for papers.” A New York Times piece, meanwhile, quotes Twitter co-founders Evan Williams and Biz Stone saying they’re “not ready to unveil a business model.” Perhaps it’s time for Twitter and the […]

An editorial (written in the Miami Herald, no less) posits that “Twitter poses risks for papers.” A New York Times piece, meanwhile, quotes Twitter co-founders Evan Williams and Biz Stone saying they’re “not ready to unveil a business model.” Perhaps it’s time for Twitter and the newspapers to figure out a viable business model. The Twitterers do need to figure out how to make money sooner rather than later — unless they want to pull a Facebook and start selling off chunks of the company to finance growth.

Notable Quote

None of our top executives are moving to Ireland, but that’s totally irrelevant. If it was a U.S. corporation, how many CEOs live in Delaware?” — An Accenture spokesman, on the company’s plans to relocate its place of incorporation from tax-friendly Bermuda to more tax-friendly Ireland, and thus thwarting the Obama Administration’s plans to snag more revenue from multinational corporations.

Notable News

  1. mcdonnellwrite Wednesday, May 27, 2009

    “Not ready to unveil a business model”? Strange, but the Twitter founders seem to be taking a page from the newspaper industry. They’re gaining users every day, and the newspapers still have tons of people going to their Web sites (although they’re losing them even there), but neither one has come up with a good plan for converting all those eyeballs to dollars.

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  2. One fascinating aspect of Twitter is their enthusiasm for *others* to use their platform to make money. This is an excellent strategy to foster rapid growth, loyalty and innovative development. When the big money starts to flow from Twitter applications the broad Twitter ecosystem will work hard to make sure the big Twitter thrives.

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    1. An interesting parallel can be made between Twitter and its applications to Facebook and its platform… AdAge (http://adage.com/digital/article?article_id=136700) wrote recently that Facebook Applications might be generating more revenue overall than Facebook itself.

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    2. Though I don’t think too many people are enthusiastic to help Facebook make money. Maybe Twitter IS onto something with their “non-profit” (the kind where they don’t worry about making money, not the tax-exempt kind) strategy. (though I doubt it)

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  3. [...] The Twitterers do need to figure out how to make money sooner rather than later — unless they want to pull a Facebook and start selling off chunks of the company to finance growth. “ None of our top executives are moving to Ireland, but that’s … Read Full Post: Notable News From the Tech World – Gigaom.com [...]

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