Monday, 12 October 2009

The Future: Twitter gets Government Bailout?

Everyone who spends more than a small amount of time on the Internet must have heard of Twitter.

Well it seems they are still searching for a business model, however it's value is said to be around $1 billion! How you can be worth that without a way of doing business or a sound plan as to how you are going to do business is beyond me. They must be using up money like it is going out of fashion.

Microsoft and Google may be coming twitter's rescue as they want to fold tweets into their web search results. Why on earth I would want to search over tweets about what people had for dinner, or where they simply say "goodnight" (aparantly one of the most tweeted words), is beyond me.

Industry experts have now started saying that Twitter is now too big to be left to fold if it can't come up with a business model, and would be worthy of a government rescue. It is claimed that many companies rely heavily on Twitter and the like to deliver customer service and to promote their product. Then there are all the entertainment outlets and celebrities that pump out tweets. It is even cited that Twitter was vital in organising the Iranian protesters after their disputed election.

As a result the government should cough up the cash if they can't make the business work.

I say "What business!?!?!"

Seriously, it isn't a business at all. If you want to give it a label, I would call it a rather large scale, expensive hobby that some web geek had. Harsh, but fair. There's nothing wrong with it, in fact I use it under another name, but a business? No.

And if a business relies on it for their means of customer service and product promotion... well I'm afraid their business model isn't much better than Twitter's.

I'll give the owners a bit of advice: Sell while people still think it's worth money!

Oooh, that turned into a bit of a rant didn't it.


The Random Within

No comments:

Post a Comment