Quote:
Originally Posted by EthnicLover
http://www.investorplace.com/experts...ck-symbol.html
"The bottom line is Twitter doesn't have any revenue. And if Facebook and MySpace are any indications, it won't have much, ever.
A billion is a lot to pay for a toy."
Ouch!
There are many people using Twitter as a traffic funnel that brings them business, now if the company could only figure out how to do the same.
|
People need to understand these sites are making their money by getting venture capital. That is essentially the business model and it's the same kind of thing that led to the last internet bubble. Seems people just never learn or yet maybe they do.. The ones getting the venture capitol seem to know what they are doing at least.