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David Jackson
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I'm founder and CEO of Seeking Alpha. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. Seeking Alpha is now the dominant crowdsourced equity research platform, with thousands of contributors and millions of monthly visitors,... More
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  • More - gasp! - Twitter Doubts 1 comment
    Oct 5, 2009 10:01 AM

    From Jim Goldman, CNBC's Silicon Valley Bureau Chief (pictured above):
    Twitter to me, for me, didn't facilitate communication. It just made it worse. It stops people from speaking. It stops understanding. It stop analysis. It turns simplicity into a detriment. Simple is good. Simplistic, not so much.

    Twitter, by some reports, now commands a $1 billion valuation. Not bad for a company with a handful of employees, and no revenue model, much less any idea when a profit stream might come. I guess that billion dollars is for the eyeballs it has attracted, but haven't we already been through eyeball-valuations before? Maybe someone will come up with a way to monetize this kind of thing, but for now, I'll sit on the sidelines as a very interested observer.
    Full article here.
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  • Koby Menachemi
    , contributor
    Comments (10) | Send Message
    I find it hard to believe they got this valuation without *future* revenue model. It's okay not to have any revenues today as long as you know how to make money of your users/business in the future.


    At least according to their internal documents they *think* they will make money: "By the end of 2010, Twitter expected to be at a $140 million revenue run rate." and "the numbers they were targeting for the end of 2013: 1 billion users, $1.54 billion in revenue, 5,200 employees and $1.1 billion in net earnings." (bit.ly/bKaWb)


    But time will tell ;-)
    5 Oct 2009, 03:31 PM Reply Like
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