Thursday, February 25, 2010

Technology Review: Can Twitter Make Money?

An extensive Twitter profile/snapshot; excerpt:

The change in Twitter's prompt reflects a shift in the nature of the Web itself. Not only has the medium grown far more social, but online social networks increasingly trade in important real-time information. Adding to the cacophony are proliferating blogs, reports from news organizations, reader comments, and feeds from various other sources. Data feeds, search engines like Google, and easy-to-use widgets--those little on-screen tools that do things like display stock prices or news headlines--can provide instant access to much of this information. "In 2009, we saw this incredible shift of users--and of their attention and focus--to the real-time Web," says John Borthwick, CEO of Betaworks, an Internet media company in New York City that has invested in or launched startups including Bit.ly, TweetDeck, and Summize, a Twitter search tool bought by Twitter in 2008. "It represents a whole new round of innovation, disrupting the way people do the fundamental things they do online." And, he adds, sites like Twitter and Facebook--which has 350 million account holders--are increasingly the first stop for people seeking real-time news.

Technology Review: Can Twitter Make Money?

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