There's a really interesting article in BusinessWeek that spells out exactly why Twitter will never make money. Readers of AdScam, will know I've been hammering away about this for months. Not only do I not want to know what time you went to the bathroom this morning, I certainly don't want to know what you did while you were in there.
Why the VC morons have pumped millions into this platform on the promise that it will make shitloads of money from advertising, is beyond me. As the article points out... "Twitter is not a vast communications network of 2.3 million users squared. Rather, it consists of small pools of people with gaps and limits on how they interact.
This is important to marketers and investors, because it puts big brakes on how internal communications could propagate inside any social media network."
In other words, MySpace and Facebook it ain't... And both of those are way over-valued.
Thanks for that George good piece, I like Twitter, but looking at the service, it is really hard to see how it will make the bucks.
George Parker
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