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56 Comments
- AlaskaLoneWolf, on 12/03/2008, -3/+17I think they made the right call actually. Look at what happened to Pownce.
- tbhurst, on 12/03/2008, -1/+14Beginning with figuring out how to make money sounds like a good idea.
- isntreal, on 12/04/2008, -1/+10I see this as a valid question.
- 1hrSleep, on 12/04/2008, -0/+7$500 million... In stocks that you can't sell, may not actually be worth $500 when you CAN sell, and... Did I mention that you can't do anything with them?
- IHaveCrayons, on 12/04/2008, -1/+7But why?!
- merku, on 12/04/2008, -2/+8Twitters point seems to be the distribution of mostly useless information.
- IHaveCrayons, on 12/04/2008, -1/+7Can someone explain to me what Twitter is for?!
- Dalhectar, on 12/03/2008, -3/+8Should have taken the deal. Look at what happened to Yahoo after they balked at MS.
- drgkstep, on 12/04/2008, -0/+4Why indeed?
- benologist, on 12/04/2008, -0/+4I don't get the relationship.... nobody would have offered $500m in (any) stock for Pownce. Six Apart aquiring Pownce made perfect sense as a value-add for Moveable Type, it probably would have shut down if they didn't want it.
There's also nothing at all to stop Facebook rolling out their own Twitter and folding it right in with their services. Most twitter users are probably already using Facebook and a lot would probably take the opportunity to use one less service.
It was risky to take it and risky to say no. Personally I would have taken it just to get out while the money's good. - Cglass, on 12/04/2008, -0/+4lol "the money" is the part you aren't understanding.
- 1hrSleep, on 12/04/2008, -1/+4Stalking.
Did you know that Jenny's taking a shower right now? She said a few minutes before that she opened her window because it was hot...
John said tape and rope are on sale at work.
Sounds like a plan. - ReeferChiefer42, on 12/04/2008, -1/+4http://letmegooglethatforyou.com/?q=twitter
- e2superman, on 12/04/2008, -2/+5Great to see that they have the balls to turn down mega $$ to preserve their vision. I am not sure many people could do that.
- w1010, on 12/04/2008, -0/+3I look at it as an asymetric information distribution center. Often tweets from the people I follow take me out of the information distribution channels I learn from and expose me to new ideas.
It is also very efective for on the spot up to the minute information dispersal. - Syni, on 12/04/2008, -0/+2It's a bit funny reading Twitter's response of, "[...] it had too much left to do." Mark said the same thing when Facebook was getting offers to be bought out way back when, late-2005, I think. Makes you wonder what would have happened if Facebook did say yes. Same with this.
- vango, on 12/04/2008, -3/+5i hope the thinking was "if we can get offered a half bil when most of the world doesnt know who we are, and our stuff breaks a lot, imagine what we would be worth when everyone knows us and our stuff never breaks"
also they could sell out to AT&T in a snap of a finger and get many billions, in cash money. - IHaveCrayons, on 12/04/2008, -2/+4You're saying Facebook is non-sense and Twitter isn't? Maybe you can explain what Twitter is for then.
- lemur, on 12/04/2008, -0/+2It's complicated
- Vitrophyric, on 12/04/2008, -0/+2If I was in charge of Twitter, I definitely would have taken the money and run while people are still optimistic that Facebook OR Twitter will ever be able to make much money
- benologist, on 12/04/2008, -0/+2$500m in mostly stock still translates to a long and luxurious life even if you sell it far below FaceBook's valuation.
For 6 million users (and regulars being much, much less) it's a *huge* win now vs. surviving...
- the economy problems (probably not hard for them though, they're lean, well funded *and* well founded)
- the inevitable web 2.0 bubble burst that'll make people question why a video site's worth 1.5 billion and a profile site 600m or whatever MySpace sold for
- competitors, the barrier for entry is nothing, any number of companies can and have cloned them and they're well aware their feature set is primitive
- finding a profitable business model
Williams is very smart but that could easily be the best offer he ever gets for Twitter. - isntreal, on 12/04/2008, -0/+2facebook makes plenty of money selling dossiers about their users
- drgkstep, on 12/04/2008, -0/+2real monies?
- jcronkhite, on 12/04/2008, -0/+1They have to wait for the right time and figure out how to make money.
Hmm... if they sold to any company wouldn't that make a ton of money? - mk2ja, on 12/04/2008, -1/+2FTA: "Twitter ... lets users broadcast messages of up to 140 characters via cell phone or the Web".
http://letmegooglethatforyou.com/?q=Twitter
Edit: @Reefer.. beat me to it... - chevriley, on 12/04/2008, -0/+1read the srticle. the deal was primarily for facebook stock. unsellable facebook stock.
- skin, on 12/04/2008, -1/+2I'm not going to say the new design is great, but saying it is "hard on the eyes" compared to the last iteration of facebook is ridiculous. Having all the stupid applications on the same page as everything else was a nightmare. And as far as the current wall, just use the buttons on top to make it all one category of posts at a time and it is much easier to read.
- 4NDr01D, on 12/04/2008, -0/+1King Tubby
"it needs more Delay" (Jamaica 1974) - drgkstep, on 12/04/2008, -0/+1I've been "trying" twitter for 6 months or so by now. I don't get wtf is all the fuss. It's just status updates...that's it. Let facebook take over and you get all the additional functionality. I suppose the next gimmick will be a social network that allows friends, but has no messaging feature, or perhaps one that allows only messaging (oh wait). What website 15 year olds currently favor to gossip, talk ***** and meet sexual predators means ***** all to me, I mean really was Myspace that ***** great?
- 4NDr01D, on 12/04/2008, -0/+1your over 30 arent you ?
I think its time you went to Carousel - drgkstep, on 12/04/2008, -1/+2facebook redesign was obviously to head off the drift towards a meaningless, messy and slow loading garbage site (i.e. myspace) now all those ***** apps you've installed are neatly tucked away on other tabs. Don't mistake your inability to adapt to changes for evidence of a poor design.
- Davegfx, on 12/04/2008, -2/+3Lol. Don't they both need to make money at some point? Like...actual real world money.
- fieldgreen, on 12/04/2008, -0/+1Shaq's Twitter is comedy gold.
- statix, on 12/04/2008, -0/+1Unless twitter steps up its game and adds groups i don't see it as a viable social networking site. Sites like http://buzzable.com serve as a great alternative now, and it may be too late for them to implement this. Still hope they do something!
- simonstudio, on 12/04/2008, -0/+1King Henry the Sixth, Part I
"Delays have dangerous ends". - (Act III, Scene II). - moothemagiccow, on 12/04/2008, -0/+1"Twitter decided that it had too much left to do, beginning with figuring out how to make money."
Gee, I wonder if it has something to do with advertisements?? - xamox, on 12/04/2008, -0/+1The web2.0 bubble will die and he will be sitting on his death bed 40 years from now going, jesus I should've swallowed my pride and sold out to the man.
- chevriley, on 12/04/2008, -0/+1you can still own a share of companies that are not public. me and my mate own 50% each of our window washing business (facebook, call us).
- xino, on 12/04/2008, -1/+2Twitter is for micro blogging and messaging people. You could use it to have like a call conference except it would be text and that text conference could be lots more people than you can do a voice call conference for. It can also be a good extension of digg. I have friends that don't go to digg at all and therefore I can't share information with those friends using my digg history. Twitter solves that problem because now I can just post a title and tinyurl the link. The other day, I was thinking about twitter and a big problem we have on digg with comments and that is some times you will post a comment and no one reads it because everyone else has moved on away from that story. Maybe someone will read this comment I am writing right now and respond and I end up being busy and not getting back to this in a few days. Twitter could solve this problem by digg users getting twitter accounts and use an option where any time someone puts @username , those get sent to them either on their cell phone or just on the web and they can go check it. If you want to try it, create a twitter account now and then put "@xino I like that idea or I hate that idea" and I will get that on my cell phone. Since you are going to be a new user, you should tell me your digg name. If you have a longer response that you post here, just tweet @xino my digg name is <insert digg name here> and I posted a long response.
- SethEllis, on 12/04/2008, -0/+1For a company that has no real revenue stream in sight passing up a deal like this is a very risky move. That's a lot of money down the tube if twitter fails.
- brundlefly76, on 12/04/2008, -0/+1Yahoo! will be fine - its still very profitable and is one of the top trafficked sites on the internet.
That whole episode was more a short-term problem for Jerry Yang personally than long-term issue for Yahoo! in general.
Neither Twitter or Digg is profitable (both require investor cap to currently operate).
For an example of a really unfortunate rejection, see Digg's balk at News Corp's $150M!
"Throughout the talk, he mentioned several big projects that Twitter plans to tackle but hasn’t yet. One is moving its search function, which is hard to find, to the home page."
(insert Homer here)
LOL If that's a big project holding up mergers, most diggers could probably be CEO at Twitter.
(BTW, I rarely use Twitter, but just used the search function and it timed out :| )
I agree they shouldn't merge though - they both should focus on each of their core businesses and making money and getting acquired. If they were to merge, it would just introduce a lot of unnecessary chaos, mostly for the reasons mentioned in the article. - amsoell, on 04/20/2009, -0/+1Just because a company isn't public doesn't mean they don't have stock.
- CoreyTamas, on 12/04/2008, -0/+1That story isn't over yet; Microsoft is rumored to be coming back with roughly $5B more... so don't be so sure that story is a good example of FAIL.
- affiliatecoffee, on 12/05/2008, -0/+0Twitter turned down Facebook, because Facebook wanted to pay mostly in "Zuckerbucks". If it was $500 million cash, it might have changed the story a little ;)
- mkw408, on 12/04/2008, -1/+1Twitter is so pointless. Why would anyone want to keep their face pointed into their cellphones any more than they already are. It is simply amazing how everyone is jumping on the TWIT bandwagon.
- kouchan21, on 12/04/2008, -1/+1Big mistake imho. They should take some money while they can. Even if they have a good business model coming (which I doubt), they'll never have something other people won't do for a cheaper price... Big players like facebook or google can do microblogging overnight.. and twitter for companies? who can't do that?
- lopla, on 12/04/2008, -2/+1They are crazy as HELL!!! The economy is about to tank so hard people 1) can't fathom how bad it will get 2) have their heads buried in the sand
They could have cashed out hard and got out before facebook is worth $142.00 in a few months - CoreyTamas, on 12/04/2008, -2/+1He said "Twitter", not "TEH INTARWEBS"
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