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Internet companies don't necessarily require a business model. Remember YouTube? They were worth $1.65B to Google. They didn't make a single cent when they were
by abossy 17y ago
Internet companies don't necessarily require a business model. Remember YouTube? They were worth $1.65B to Google. They didn't make a single cent when they were acquired.
The virtual world is an attention economy. The most attentive eyeballs attracts the most money. There doesn't directly need to be money changing hands.
- axod 17y ago>> "They didn't make a single cent when they were acquired." I believe that's a myth.
- Silhouette 17y agoThe fact that other stupidly over-valued companies over-value companies that make no money doesn't make things any better, it just builds a higher stack of cards. At least in the case of the YouTube acquisition, Google had both a strategic goal (own the small company that's otherwise at risk of getting sued off the planet and leaving you as collateral damage) and a realistic expectation of revenue generation in the near future (via advertising, which is Google's business model and something it was already doing very successfully in other contexts). I fail to see how anyone investing in Twitter benefits in either of those ways right now.