Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

January 26, 2009

Investing in Twitter

by @ 2:59 pm. Filed under Technology

I have written about Twitter before. The techie industry calls it a “microblogging service”. It is referred to as microblogging because it limits the user to expressing himself/herself in 140 characters (yes that’s characters, not words). I’ll admit, I love it. And apparently I am not the only one that loves it. Recently, the world’s most popular social networking site, Facebook offered to buy Twitter for $500 million. But Twitter said “no way”, and now is out raising a huge sum of development and expansion money on its own. How about this, Twitter is looking for between $20-$30 million in expansion and development cash. And it looks like Twitter will have no problem raising the money. Rumor has it that a number of venture capitalist have already signed up to lend to the microblogging master. This ability to raise capital demonstrates the popularity of this infant company. What makes this even more amazing is that Twitter has no consistent revenue stream. Users are not charged a fee and there is no advertising on the site…so in less than 140 characters I’ll say this:

I- wish- I- thought- of- a- company- that- didn’t- make- money- that- was- worth- a- half- a- billion- dollars. — I’d- sell-it

I would have put an exclamation mark at the end, but I ran out of characters.

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

January 2009
M T W T F S S
« Dec   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Metatasks:

21 queries. 0.396 seconds