Wednesday, July 15, 2009

The demise of Twitter

Beating a dead horse, but I keep pointing out that Twitter is the modern equivalent of the CB radio. In case you didn't see it, this has been confirmed by the Financial Times:
A research note written by a 15-year-old, who was not born when former UK chancellor Nigel Lawson dismissed London analysts as “teenage scribblers”, has become the talk of middle-aged media executives and investors.

“Teenagers do not use Twitter,” he pronounced. Updating the micro-blogging service from mobile phones costs valuable credit, he wrote, and “they realise that no one is viewing their profile, so their tweets are pointless”.
Twitter is pointless. It has some value, but how can you run a business based upon the occasional riot in Tehran or plane crash in the Hudson?

Hey John. I asked you this more than a year ago. Where's the revenue? Show me the money.

5 comments:

chickenlittle said...

I think rumors of Twitter's demise have been greatly exaggerated, as have rumors about California's demise.

Sometimes I wonder about the motives behind those rumors.

Andrew said...

Boomers are techno-phobic fools.

Lou Minatti said...

California will be fine. 30 years from now our kids and grandkids won't even remember the current insanity.

Twitter? Hah! I expect that some dumbass corp will buy it for billions then lose everything as the market buzz collapses. It's been 10 years since broadcast.com, so the timing is about right.

Lou Minatti said...

Boomers are techno-phobic fools.
Andrew, the people who are dissing Twitter are teenagers. You know, future customers. It's the boomers who say they like Twitter. Yet no one has been able to figure out a way to make boomers pay for it.

Andrew said...

Yet no one has been able to figure out a way to make boomers pay for it.

They could always use some of the piles of money that they've stolen from their kids and grandkids. :-p