Twitter is starting to look something like Reuters real-time reporting network and event notifications. It basically replaces the headlines of the newspaper peo

Twitter is starting to look something like Reuters real-time reporting network and event notifications. It basically replaces the headlines of the newspaper people used to see while walking down the street. It is a notification service which makes it a great platform. Medium is trying to be the actual body paragraph of the newspaper[0]. They seek to provide content curation, search and monetization. They provide the analysis of the interesting topics you see on twitter. Twitter is diverse with people like Kim Kardashian to Noam Chomsky. Medium will let these people explain themselves in long form and introduce you to similar thinkers. For Noam Chomsky that might be other linguists or libertarians and for Kim Kardashian it might be a piece of cardboard, or goldfish. I don't know what the strategy is, but I would say 20/80 odds they crack the code. Long odds, but better than most start ups face. They need to: * Find a way to pay users for content, or create a great incentive for them to continue delivering high quality content to them for free. * Find a way to organize and display the content. * Get people to pay for it. Obviously a tall order. They are trying to be the people who figure out how to monetize without advertising traffic. I have no idea what they told investors, and frankly Ev Williams could say he was remaking Pets.com and he would get funded, but I suspect they have an idea for monetization. [0] A newspaper was sort of link an internet website. It was made of something called paper and was delivered by actual people to your door. People used to use their hands to scroll through it. Push notifications and updates took ~24 hours to reach newspapers. Not much else is known about these ancient artifacts.