All That Twitters May Not Be Gold
Mar.17, 2009 in
Technology
All That Twitters May Not Be Gold, Analysts Say
[DealBook Blog - NYTimes.com]
Twitter seems to have gone from obscure to mainstream in about the same time it takes to send a “tweet” over the network.
Despite the fact that the three-year-old microblogging service doesn’t generate revenue — nevermind profits — there is already chatter about who might want to buy it.
However, analysts at Sanford Bernstein believe that potential acquirers for Twitter should think twice.
Whoever buys Twitter, they wrote, “will likely have to operate it at a loss in perpetuity, or until the next cool Web 2.0 social networking concept comes along and Twitter tweets no more.”
Read more here.
