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They will die, as simple as that. Bit.ly was a short-sighted, stupid investment. I mean they took $2m in VC a year ago, and now another $1.5m in debt? To build
by dnsworks 16y ago
They will die, as simple as that. Bit.ly was a short-sighted, stupid investment. I mean they took $2m in VC a year ago, and now another $1.5m in debt? To build a hash of urls, an ACL system, and some metrics?
If only there were an exchange on which we could sell short stupid, private companies.
Twitter is a business. One that is potentially on the same scale of bad investments like Napster or Friendster. At some point they're going to need to focus on features that will make them revenue, and they'll start looking at the "ecosystem" of 3rd party apps, figure out which ones are low-hanging fruit, and harvest.