Wednesday, 18 February 2009

Twitter raises another $35 Million in funding

Not bad for something that doesn't currently make money. Facebook wanted to take it over, Twitter said no thanks.

Management Today ran a piece. Coupled with the fact that Survey Of Insular Social Media Elite Says: Twitter Is Better Than Facebook For Businesses then perhaps it's worth looking at. I do use Twitter but not in a serious kind of way. I've got no real need to tell anyone that I'm trapped in a lift.

Monetising Twitter is going to be basically in two forms, invasive but permission based advertising and secondly, for the ubergeeks, data mining the existing Twitter data. Sounds out of the park but the chaps at Twitter HQ were looking at ways to enable folk to look at the entire database without revealing whom was linked to who.

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