I'm the founder and CEO of Seeking Alpha. I worked for five years as a technology research analyst for Morgan Stanley in New York. I left in early 2003 to manage money (long/short) and explore new approaches to financial publishing, ultimately leading to the creation of Seeking Alpha. Prior to... More
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.
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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)
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More - gasp! - Twitter Doubts 1 comment
From Jim Goldman, CNBC's Silicon Valley Bureau Chief (pictured above):Full article here.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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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 ;-)
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