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Archive for December 5th, 2008|Daily archive page

Ev Sez: “Twitter’s Gonna Make Money, But I’m Not Gonna Tell You How” =P

In Online on December 5, 2008 at 8:47 am

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Pic from Comicbase @ Flickr. Some rights reserved.

The past week has offered some, but not much, insight as to what Twitter‘s revenue model will be like, with CNET and the New York Times reporting on the failed Facebook/Twitter deal and a morsel of information from CEO Evan Williams.

When reports of the failed Twitter acquisition by Facebook first emerged, my initial reaction was a slap on forehead. If, as Kara Swisher says, there was a $500 million deal in FB stock tabled, it looked to be a great deal missed, especially considering the collapsing Web 2.0 scene because of the financial turmoil, the tumbling prices of startups (MySpace’s Chris DeWolfe saying some are willing to sell at just 10% of their $200-300m valuations 6 months ago.), and the fact that Twitter still has yet to come up with any sort of revenue-generating model.

But not so, says CNET’s Rafe Needleman, who says that it’s a good thing that Twitter wasn’t bought by Facebook. The acquisition, if it were to happen, would represent “a double mismatch” for Facebook. Read the rest of this entry »