David Kirkpatrick

April 15, 2009

No rush to monetize Twitter …

Filed under: Business, Media, Technology — Tags: , , , , , , , — David Kirkpatrick @ 2:06 pm

… according to co-founder Biz Stone. The buzz and profile is skyrocketing, but at some point that will max out. This should be an interesting rollout to keep your eyes on because at some point some serious money will change hands for an open API application that lets people send 140 characters at a pop. Think about that for a second and then realize there is no way to predict what will hit next in the online universe.

From the link:

“It’s not tough for us because we have a lot of money in the bank and patient investors [and a] patient board,” said Stone, adding that the company first wants to focus on growing the network, increasing its user base and adding new features to the site. “We want to focus on this before profit. If we focus on profit, then we take people away from focusing on features.”

Online pundits and bloggers have been closely eyeballing Twitter and criticizing the company’s lack of a business plan, doling out dire warnings about the future of the microblogging site unless it comes up with a viable strategy for making money sometime very soon.

A Wall Street Journal blog post written by Kara Swisher on Thursday is whipping up the rumor mill again.

About a week after rumors flew saying that Google Inc. was in talks to buy Twitter, Swisher’s post led to reports that Google and Microsoft Corp. are sparring to grab a piece of Twitter’s potential search advertising revenue.

In other Twitter news, hit this link for information about the Twitter worm and how to combat the virus.

Find me on Twitter at http://twitter.com/davidkonline.

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