…in the market today seems to be the lube greasing us up from behind for the financial rape we’re about to take thanks to our central and commercial banking friends. ENOUGH ALREADY, I’m starting to get sore!
So says Jr Deputy Accountant. Are you getting the sense that despite all the calming words and a new adminnistration in the US that there is very little trust out there? Which makes an interesting segue to this piece of counterpoint about Twitter’s latest money making thoughts and how the atmosphere there looks like some sort of suspended reality:
Neither Williams nor Stone [founders] will get into the details of their revenue strategies, though each says that charging companies for brand verification (assuring users that JetBlue’s Twitter is really from JetBlue, for example) and for targeted prompts for users to join company feeds seems to make more long-term sense than straightforward web advertising, which Stone says “feels tacked on.” Another possibility would be charging users to “buy” friends’ feeds, almost like a subscription, though both executives are wary of any model that charges individual users.
When you ask Williams and Stone about revenue, they’ll—reflexively, defensively—remind you how young the company is, then they’ll point out that they have to worry about first making sure their product is flawless, then they’ll note that no one asked Google in 1998 how it was going to make money, then they’ll gripe that just because everyone else on the planet is terrified about money right now doesn’t mean they have to be.
Elsewhere, I’ve speculated that there is money to be made from ‘free’ but I don’t see Twitter being the vehicle through which that happens. They’ve been ‘free’ too long and there’s a certain psychology attached to that.
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