How Twitter could be worth nothing in a year
Written By rileycentral on Jul. 2, 2008.
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From the Clip How Twitter could be worth nothing in a year posted by Tyme:
What if Twitter isn't worth "billions" in one year and instead, it's worth nothing? Just because it has a huge user base and it may be able to take advantage of its messaging platform, can we simply forget that it's down every single day for extended periods of time?
Wow. He's obviously irked. I agree that Twitter is used by a lot of people. I have cut wayyyy back on my Twittering but not because it is a bad platform, just that is steals my time from more important things. Let's say you sepnd a cumulative 30 minutes twittering in one day. What do you have to show for it? If you are lucky someone might reply or give you a 20 second hit on your blog.
I have integrated Twitter and Alex King's Twitter Tools into my blog
as my Asides engine. It seems useful for that, plus my friends will see my twits. or maybe my friends are the twits and that's why I don't like Twitter as much as most do ;)

Scrivs
Written Jul. 2, 2008 / Report /
To be honest I agree with him since I still don't see how Twitter can be worth anything. They created a commodity and have no problem saying they like to refer to it as a communication platform. This is no different than if AT&T made home phone service free from the beginning and then wondering how can they make money later.
Yeah they would get everyone on their service, but those people aren't paying anything. Maybe you could charge for long distance, but that would be it. Twitter has even less of an option with that and they can't even keep the service up.
I think last week they turned off the @replies feature for the week which to me baffles the mind.
Mike
Written Jul. 2, 2008 / Report /
I'm not going to beat around the issue here... the people in charge of running and building a business with Twitter are idiots. Plain. Old. Idiots.
There are probably a half dozen ways that Twitter could make revenue, starting tomorrow. They have openly said that they will not ever serve ads, so there goes a few options. Their stability sucks so much that offering a higher-level of service uptime for $$$ is gone too. They just keep shooting themselves in the feet, over and over. Twitter could have been making money all along but they gave away the cow and the milk and it's hard to take that back.
Tyme
Written Jul. 2, 2008 / Report /
Dave Winer posted an interesting interview with the Gnip guys. Quoting Dave:
RightOn
Written Jul. 2, 2008 / Report /
I just with there was a viable alternative... I go to open up Twitter and I ALWAYS see that stupid ! symbol and can't post crap.
Tyme
Written Jul. 3, 2008 / Report /
Funny you should say that RightOn. The latest buzz: there is a option.
Ozone42
Written Jul. 3, 2008 / Report /
There have been other options for a long time. The problem is everyone is still using twitter :)
RightOn
Written Jul. 3, 2008 / Report /
That was my point... a viable alternative. Twitter may be crap, but everyone I follow is using Twitter.
There are a handful of really nice looking alternatives, but then I can't follow the people I am.
Tyme
Written Jul. 3, 2008 / Report /
But that's the thing - they might not be for long. Twitter shut down access to a lot of their backend. This isn't anything different than what has happened in the past. People will move to the service that best suits them. If you're unhappy how long will you and your friends stay? Many people (tens of thousands) have moved to FriendFeed. Twitter didn't blink - services are still shut off. That says a lot.
In this case there has always been a divide of people using it how they wanted to vs. how the owners envisioned their service being used. In those cases who wins out? The one paying the bills. They've reached the point where they have enough people using their service the way they want there is no need (business wise) to care about the rest. They are dead weight.
Identi.ca is the first option (according to them) that is open-source meaning people shouldn't be able to fall into the same trap in what happened to Twitter. So technically, it's the first viable option unless there was another open-source one before it. I'm not saying it is the solution but right now it's the first one I know of that is a viable solution.
Me, I'm coasting because I follow people via RSS on Twitter. Haven't missed a thing. :)
Ozone42
Written Jul. 3, 2008 / Report /
You know, we've been saying these same things for like 4 months now? Maybe longer?
I think it's obvious twitter has to shape up to survive, but I don't think the decline has even started yet. I think they're still growing as far as users goes.
Myspace is still terrible, has problems ALL the time. It's been terrible ever since it started to get popular, but I think we're just now seeing it begin to decline.