"Twitter, which has more than doubled its employee headcount to 600 people in the past 12 months, said it was now generating over 200 million tweets per day on the service."
And generating how much money?
Twitter closed a "significant round of funding" yesterday, with lots of help from the Russian venture outfit that has already pumped large sums of cash into Facebook, Groupon et al. The micro-blogging site said that serial Web2.0 investor Digital Sky Technologies Global (DST Global) led the Twitter funding round, but didn't …
Apparently it doesn't /need/ to generate any money - the people behind it just grab a chunk of that "investment" for themselves:
>>> Half of that money is understood to have been dished out to staff and shareholders at the privately-held company.
So they'll all be quids-in even if Twitter tanks.
I created a twitter account once just to see what it was about and it amounted to (in my opinion at least) nothing more than the verbal diarrhea that I try to avoid in real life. Other than inserting advertising into the streams, how do they expect to make money? Then again, why as why - no point hurting my brain thinking about it unnecessarily.
Biting the hand that feeds IT © 1998–2019