[twitter and future of creative technologies]
On Thursday at The Future of Creative Technologies Conference it was bandied around that twitter, though used, isn't really worth (financially) much. In fact, when someone suggested that twitter and business model don't go hand in hand there were quite a few appreciative guffaws. A recent post by Steve Clayton also touches on the subject: "Wow…quite a story from Kara Swisher today that Facebook was interested in buying Twitterfor $500m. Okay, I love Twitter as much as anyone but $500m is a big chunk of cash for something that isn’t making money at the moment. That’s not to say that it couldn’t and I think the only way Twitter is going is up but in the current climate, that’s a big wedge.
Personally I think Twitter is right to hold out but hope it’s all a big game of Russian roulette."
Photo by John Wardell (Netinho) on flickr.
Labels: conference, creative technologies, facebook, future, ioct, microsoft, social media, twitter


jess @ jesslaccetti.co.uk




2 Comments:
500M would have seen me sell out right quick. That kind of valuation is obscene, especially in the current economic climate.
That's what I thought...especially for a project that isn't making money! I wonder how Facebook came to that figure.
Post a Comment
Links to this post:
Create a Link
<< Home