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Twitter probably won't be the first to 1B users, at 45M plus 1 new user/second currently that will probably be linkedin. Also, pumping huge amounts of cash into
by jeromec 17y ago
Twitter probably won't be the first to 1B users, at 45M plus 1 new user/second currently that will probably be linkedin. Also, pumping huge amounts of cash into things that don't actually have the corresponding cash value is how bubbles form and burst. (reply to jfarmer above)
EDIT: whoever downvoted me shouldn't have. Regardless of your feelings about Twitter, my statement about economic bubbles is correct.
- jfarmer 17y agoYou say bubble, other people say sound investment. If Twitter crumbles because they overreach there will be a thousand startups ready to pick up the pieces. So what's the problem, exactly?
- jeromec 17y agoMy problem is not with Twitter per se; as I said I hope they are successful. My concern is that we don't celebrate companies like this where the guy actually makes money enough; instead we focus on things which are more speculative in nature. Sure, facebook and twitter may turn out to reap huge profits in the future, but valuing them at around 1B before they've made more in profit than this little $5M company has done is the same pattern of ignoring cash to actual value that led to the Great Depression, the dot com bust, and this latest housing bust/financial crisis. How many funded web companies still don't make $1M yearly in profit?