$800,000 for a twitter feed
December 19, 2008
Twitter has no revenue model to speak of, but evidently someone shelled out $800,000 for a twitter feed… huh?
“The service takes finance-related data — using Twitter as the content production platform — and structures it by stock, user, reputation, etc. ”
There are so many problems with this, the first being that these people are building a company, on the platform of another company that has no revenue model? IE: If Twitter closes… what happens to this company… it’s not like Twitter has a solid revenue stream…. it doesn’t even have revenue.
It’s being lampooned as a company with no viability. “Twitter’s Revenue Plan Revealed: Hire Someone To Come Up With One” screams the headline on ally insider.
There’s an old saying that fits well in this case… never build your house on a broken foundation.
I say this as a regular twitter user… I love the site… but it’s viability long term is questionable…. in fact people are starting to just take wordpress themes and using various plugins to make twitter clone overnight…. with some blessing from Wordpress on the matter.
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