Discussion in 'Off-topic Zone' started by theogt, Nov 3, 2009.
Seems to be dying down, no?
Only thing that sucks is lame twitter jokes.
And like everyone pimping their account. "Go to twitter.com/CVS for updates!"
Twitter Valued at a Billion Despite Lack of Revenue
With 30 Million Members, Social Networking Site Is Worth Big Bucks to Investors
By TAYLOR BEHRENDT
Sept. 26, 2009
Tweeting has become a daily obsession. For some, using the site is even a minute-by-minute fixation. Updating every move they make, even with picture and video, one can constantly be connected with the rest of the world through the popular Twitter site. It has literally transformed social networking 140 characters at a time.
Celebrities such as basketball star Shaquille O'Neal, country music star Taylor Swift and Disney starlet Miley Cyrus tweet daily. Last month actor Ashton Kutcher attracted over 3 million hits when he uploaded a bikini back shot of his wife, Demi Moore, to his page. Congressman Joe Wilson defended himself through his tweets after his outburst during President Obama's health care speech earlier this month.
With prominent users and so many people invested in the site, how much is Twitter really worth?
With just 60 employees and no advertisers or annual fees to be a member, Twitter is now valued at a billion. Could this be true or is this the latest example of Wall Street pouring investors' money into a virtual sinkhole?
Aswath Damodaran, a professor of Science at New York University's Stern School of Business, helps break down the billion-dollar question. "They've got 30 million members. Roughly speaking, a company with a value of a billion [dollars] has to make about $100 million in earnings a year in terms of profit. With the 30 million members, that works out to $3.33 a member per year. So the question I would have for a Twitter member: Would you pay a $5 to $10 as an annual fee to be a member of Twitter? If the answer is yes, you've just shown me that the company could be worth a billion."
This theory only works if Twitter became a business, a move not yet taken by the company. Facebook, however, started to include advertisements that brought in revenue, and with 500 million users, it is valued at $6 billion.
David Vise, author of "The Google Story," doesn't believe Twitter is worth anything and thinks Wall Street is just getting its appetite back.
"You could say it's a sign of the times. Only in America can a company that makes no revenue or no profits be valued at one billion dollars," he says. "As people get all caught up in all of the excitement, they sometimes suspend rational thinking."
For now, Twitter is asking investors to put another hundred-million dollars into the company, a risk that at this time is hard to tell will fail or succeed.
why can't I come up with these ideas?
no brains and initiative I guess
Twitter Quitters Outnumber Those Who Stay, Report Finds If you're on Twitter, you're likely a quitter. In fact, 60 percent of Twitter's U.S. users don't return a month later, according to a Nielson Web analysis released this week.
Research firm Nielson Online, which measures Internet traffic, found that a 60 percent majority of users likely spend just a month on micro-blogging site Twitter before quitting.
"Twitter's audience retention rate, or the percentage of a given month's users who come back the following month, is currently about 40 percent," David Martin, Nielsen Online's vice president of primary research, said in a Nielson blog post. "For most of the past 12 months, pre-Oprah, Twitter has languished below 30 percent retention."
San Francisco-based micro-blogging site Twitter was created as a site for social networking, in which members are allowed to create 140-character messages, known as "tweets," to share online with friends and celebrities.
The site experienced a sharp spike in popularity after celebrities such as Ashton Kutcher and Oprah Winfrey publicly announced their active Twitter memberships and invited fans to follow their celebrity Twitter feeds.
Twitter has thus far attracted millions of users who share breaking news and personal messages with other "tweeters."
Nielson said in its report that 13.9 million users joined Twitter in March, representing more than a 100 percent increase of unique visitors from March of 2008.
Tweeters followed President Barack Obama on Twitter during the 2008 presidential campaign as well as other prominent celebrities, including basketball player Shaquille O'Neal and singers Britney Spears and Miley Cyrus, all of whom have their own Twitter following.
While Twitter, as a private company, does not disclose the number of its users, its Web site had more than 7 million unique visitors in February this year compared to 475,000 in February a year ago, according to Nielson Online.
However, Martin said that Twitter's 40 percent retention rate would limit the site's overall growth to about 10 percent. More established social networking sites, such as Facebook and ******* enjoyed retention rates double that when they were going through explosive growth phases as emerging networks, and now both currently retain about 70 percent of the members who join.
"To be clear, a high retention rate doesn't guarantee a massive audience, but it is a prerequisite.... There aren't enough new users making up for defecting ones after a certain point," Martin said."Twitter has enjoyed a nice ride over the last few months, but it will not be able to sustain its meteoric rise without establishing a higher level of user loyalty. Frankly, if Oprah can't accomplish that, I'm not sure who can."
Twitter CEO: 'We're Optimistic About Revenue'
Evan Williams admits growth rates for Twitter have slowed, but there are plans to spike more interest.
October 21, 2009
By David Needle: More stories by this author:
SAN FRANCISCO -- The CEO of Twitter admitted it's hard for even the company itself to get precise figures on its growth rate while conceding traffic in the U.S. has "probably" slowed and Web traffic is "not as robust as it was. But we'll be launching some things that will pick that up," said Evan Williams here during an onstage interview at the Web 2.0 Summit Tuesday evening.
I think it peaked. And will now die slowly.
Twitter has only one purpose for me, and that is to stalk Tony Romo. He was at a boutique today. yippee.
Tony Romo and Candice Crawford spotted in L. Bartlett in West Village!
At least you admit it.
Twitter = Attention Whore Magnet. (those that post anyway)
So what is your twitter account?
I have one! Though I don't use it. :laugh2:
At the beginning of the year I signed up for an account. I didn't make one single chirp; logged out and never went back. About a month later I received a follower request via e-mail. I found it amazingly humorous that someone was willing to invest time to keep tabs on a blank silent spot on the Internet.
Perhaps thats the only place on the web they could find no pop-up peace and quite. Thats got to be worth at least $3.33 a month.
Ok, I admit it. I tweet, but only about Bob's family photo album. (peopleofwalmart.com) :laugh2:
I joined several months ago to follow a few people ... mainly sports writers/reporters.
I got bored with it real quick, and didn't post anything myself. I haven't been on it in months.
Facebook, however, I enjoy.
Unique Users to Twitter, according to Nielsen:
Compared to Facebook:
I hate Twitter, always have but I'd say the buzz over it is dying more than the service itself. It's been around way before players decided it was a good place to say some ignorant ****.
True, but that's all I care about it, really. As long as I don't hear about it daily, I don't care if it exists.