Yep, Twitter is highly overrated. And apparently, according to early news account-the company has been sold for an ungodly amount.
Pretty smart for the developers. This is the same thing that happened with main of the dot.coms in the mid to late 90s.
Hype increased the value of worthless companies or companies certainly not worth the amounts mindless citizens invested upon them.
Twitter isn't making money...doesn't have a business model...and it warrants a gigantic sell-off.
This type of mindless business logic is what ruins the economy.
Twitter, simply put, is over glorified instant messenging. Nothing more, nothing less. The media hyped it...people went there to see...and started instant messaging (more contacts).
Calandra
of NE
@
May 27, 2009 07:16:53 AM
Blind faith VC
I’m actually very surprised that twitter was able to get 52 million in VC at all with out a business model. The VC’s must have been anticipating that the valuation would go up with user base growth, planning on cashing out on a buyout, or they were just blind and confused. It reminds me of manipulative teenager barrowing money from his parents, and telling them “I’ll pay you back when I get a job”. And the parents knowingly plan on never seeing that money again.
Jeff Weiss
of FL
@
May 26, 2009 23:02:21 PM
Take the Money and Run
The only way for the founders to make money, if not Twitter itself, is to take a buyout. I just don't see any way for it to earn enough revenue to justify its valuation.
Seth
http://www.twitterbacklash.com
Seth
of NJ
@
May 26, 2009 12:35:27 PM
Yeh but..
That's great and all but let's just hope they don't forget they would be nothing without the people that use it!
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
money of PA @ Jun 05, 2009 10:01:29 AM
Calandra of NE @ May 27, 2009 07:16:53 AM
Jeff Weiss of FL @ May 26, 2009 23:02:21 PM
Seth of NJ @ May 26, 2009 12:35:27 PM
Mkcoy of CA @ May 26, 2009 12:10:12 PM
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