Odeo Releases Twttr. Odeo released a new service today called Twttr, which is a sort of “group send” SMS application. Each person controls their own network of friends. When any of them send a text message to “40404,” all of his or her friends see the message via sms. This launched officially today, and a few select insiders were playing with the service at the Valleyschwag party in San Francisco last night. People are using it to send messages like “Cleaning my apartment” and “Hungry”. You can also add friends via text message, nudge friends, etc. Users can also post and view messages on the Twttr website, turn off text messages from certain people, turn off messages altogether, etc. I like the service although I was not able to sign up for it myself (someone added me at the same time I tried to register directly, the result was lockout of my phone number).
There is also a privacy issue with Twttr. There Is A Difference Between Evil And Just Absurdly Profitable. Lots of negative feedback from our post the other day on Cash4Gold’s amazing growth and profitability. This year, their third year of operations, they are on track to make $160 million in revenue and $50 million or so in profits. All from encouraging people to send in gold jewelry in exchange for cash. A handful of comments pointed out the very funny Onion spoof on the company where the U.S. government uses Cash4Gold to pay down the national debt. But many of the rest say the company is a scam. Example: “They offer people significantly less money than their gold is worth and prey on people’s ignorance and desperation.
If those profit margins are right, they’re basically stealing from the uninformed. Search online and you’ll find a ton of scam stories about them. Another: “There must be a difference between doing business and stealing from people. And: “It appears they are litigious scammers. Etc. And there is certainly nothing wrong with a company making a profit. More Investors Pile Into Twitter’s Funding Round, Now Reportedly. Twitter is about to raise a boatload of cash. Last week we broke the news that Twitter is raising another round of funding at a $1 billion valuation and that one of the new investors in that round is Insight Venture Partners. Initially, Twitter was trying to raise $50 million, but demand for its shares is so great that it is raising even more. The WSJ is reporting that the round may close as early as later today, and that Twitter may end up raising close to $100 million. In addition to Insight Venture Partners, another new investor is T. Rowe Price. Raising that much cash at a $1 billion valuation should hold it over until it decides to go public or is bought for a ridiculously large sum.
More details as they come in.
Twitter profitable. Mob Rule! How Users Took Over Twitter | Magazine. Illustration: Christoph Niemann Last August, the people who putatively run Twitter — the small crew that three years ago launched the world’s fastest-growing communications medium — announced a relatively minor change in the way the site functions. The tweak would have a small effect on retweeting, the convention by which Twitter users repost someone else’s informative or amusing message to their own Twitter followers. Retweets start with RT, for “retweet,” and usually cite the first author by user ID. And, importantly, retweeters often add a word or two of commentary about the repeated content. But there was a problem: Twitter itself didn’t invent retweeting; it was created by Twitter users. In a blog post explaining the changes to retweets, the company’s second-in-command, Biz Stone, called them “a great example of Twitter teaching us what it wants to be.” The good news, he said, was that Twitter was building retweets right into the site’s architecture.
Why Google and Bing's Twitter Announcement is Big News - O'Reill. Lurking innocently on Google’s blog this afternoon, like many of their big announcements, was the bombshell that they have reached an agreement with Twitter to make all tweets searchable. This followed an earlier announcement at the Web 2.0 conference by Microsoft that Bing has also arranged to make tweets searchable. This is not only a huge thing for Twitter, it is also well past due. Until now, Twitter really hasn’t been a first class web citizen, because you’re not really part of Web 2.0 until you’re searchable by Google (and, I suppose, Bing). Sure, you can read someone’s tweets from Twitter, or get a thread via a #tag, but the full text searching capabilities that make things really usable on the web, largely powered by Google, have been missing.
Making tweets searchable is a major usability improvement as well. It appears that Twitter is going out of their way not to play favorites in the search space, by cutting deals with both Microsoft and Google. The biggest loser in the Twitter search deals. No, it’s not FriendFeed, although yesterday didn’t provide any good news to users there who really would love to hear that their community still matters. Google and Microsoft said “no.” So, who is the biggest loser in the Twitter search deals announced yesterday (First Bing announced it made a deal with Twitter. Then Google jumped in and said “me too.”) Facebook. “But didn’t Facebook make a deal with Bing too yesterday?” Yes. But tell me again what market share that Bing has? In other words, if you aren’t on Google you don’t exist to most people. Who doesn’t exist on Google (at least in terms of deals for the firehose feed?) 1. Why did this happen? Well, remember, Microsoft has an advertising deal with Facebook.
Loser! So, why does all this search stuff matter for tweets and Facebook status messages? Well, I keep looking at searches for businesses. See that list? I notice a few things. 1. Sean Parker: Twitter/Facebook Will Soon Dominate The Web — Not G. Sean Parker, a managing partner at Founder’s Fund, gave an interesting talk today at the Web 2.0 Summit in San Francisco. The key to it is simple: Facebook, Twitter, Apple, and eBay will dominate the web going forward. One company of note that won’t? Google. Why? To be clear, he thinks Google will stay huge and relevant, but it’s dominance will go down because collecting data is less valuable than connecting people, he said. He went on to talk a bit about the social networking space, which is significant because he helped found Facebook. Parker noted that data portability is a red herring. He went on to say that Friendster was not a fad, it failed because of the failure to scale, not because of poor product execution.
Parker also talked a bit about why it’s not always the best products that win. Also of note was that one of Parker’s slides talked about the few networks Google does own, like Orkut. Update 2: Here’s the full slide deck of Parker’s presentation. Sean Parker’s Rise of Facebook And Twitter, Fall Of Google Prese. Yesterday at the Web 2.0 Summit, Founder’s Fund managing partner Sean Parker gave a provocative presentation entitled “The New Era Of The Network Service.” In it, he argues that so-called “network services” like Facebook (which he helped start) and Twitter will soon dominate the web, rather than “information services” like Google and Yahoo. It’s a very interesting idea, to say the least, and obviously you’re interested in it, as about 200 of you commented on it yesterday.
So we’ve obtained Parker’s full slide deck from his presentation. Find the full presentation embedded below, definitely worth the read. SP_Web2.0_FINAL_AsGiven. The chat room/forum problem (& an apology to @Technosailor) I’ve been doing online communities for more than 20 years, starting in 1985 when a friend had a BBS. One thing I’ve noticed over and over again is that chat rooms and forums start out fun and then devolve over time for various reasons. But in 2000 I discovered that blogs had the opposite effect. They got more interesting over time. Why is that? I call it the chat room/forum problem and I think I’ve discovered the cause. See, in a chat room no one is in control. Why? Because all of us had a common interest (a new product) and we were a small group and we were at the same level at the beginning (all of us were newbies).
But it devolved. How? First, wave after wave of newbies came in. But after six or so waves the experienced users started getting tired of answering the same damn questions over and over. Then it got worse. Here’s something I’m noticing: my Facebook has the forum problem. As long as you only have your really close personal friends in Facebook, this is NOT a problem at all. Today… Twitter to turn on advertising “you will love” (here’s how: Supe. Twitter’s COO, Dick Costolo, today, at the TechCrunch Real Time Crunchup (live video of the conference is live now on building43, there will be lots of news all day long from this event), told the audience that Twitter is, indeed, going to turn on an advertising model.
This is a huge shift in what Twitter is saying publicly. But advertising isn’t something many people love. So, how will Twitter make advertising you love? By building a SuperTweet! How can they do that? Well, yesterday, I talked with Likaholix co-founder Bindu Reddy about just that. You can watch our video we recorded about how Twitter could make new advertising, which I say is a piece of building a SuperTweet. So, what is a SuperTweet? Well, first, some rules for building new ads and features for Twitter that people will love. 1. It is a Tweet with a metadata payload. Think about all the metadata that exist OUTSIDE of the Tweet. What kinds of metadata do we already have? 1. But what else could we automatically generate?
More thoughts on in-Tweet advertising. I believe that people who produce content should be able to make a living for producing that content. If we want journalists, bloggers, photographers, and videographers to bring us interesting stuff that makes our lives richer, we gotta figure out a way to get them paid. That’s why I care deeply about the topic of advertising and why I follow it so closely. I joined ad.ly tonight. Partly because a friend of mine told me I should check out how much other Twitterers were getting paid. And lots of them are getting paid a ton. I really don’t like in-Tweet advertising, but wanted to learn more because I’m seeing more and more of them. 1. So, first, on the other side, Mark Suster is an investor in Ad.ly, and he wrote a blog sticking up for in-tweet Twitter advertising. I also called and talked tonight with Ad.ly CEO Sean Rad and he told me a few things: 1. The New York Times has an article on Twitter advertising. I see some ad systems are selling ads based on followers.
What do you notice? 1. Yo @chrisbrogan you’re doing Twitter wrong. The Case for In-Stream Advertising. The topic of whether in-stream advertising has heated up. I just read well written pieces on the topic by Ross Kimbarovsky, Robert Scoble, Paul Carr and the NY Times. I myself recently covered the topic when I spoke about why GRP Partners invested in Ad.ly. Let me lay out my defense of In-Stream Advertising because I believe the topic is really important. 1. People feel angst about advertising in any form – I feel the same feeling about advertising as most consumers. 2.
It was still a great financial result for us but we clearly didn’t become Google. 3. 4. At Ad.ly we believe that in-stream ads need to be as transparent as banner ads. When Jason Calacanis opens his TWiST show talking about his sponsors to you gag and stop watching? When Brad Feld lists a book on his blog with an affiliate link that he monetizes is that wrong? When Facebook puts contextual ads on your pages is that wrong? When TechCrunch 50 has sponsors and those people get to speak on stage does that mix church & state?
Twitter’s New “At Anywhere” Platform Allows For Deeper Integrati. TweetDeck Taps TwitVid For Video Sharing, Replacing 12seconds. TweetDeck is switching its default video Tweeting platform today, from 12seconds to TwitVid. TwitVid.com will serve as the video service across all existing TweetDeck products, as well as all new products released by TweetDeck in 2010. TwitVid will be integrated into the next iteration of the TweetDeck’s desktop application, which is expected to be launched next month. TwitVid will also be the default video application in TweetDeck’s iPhone application and soon-to-be-released Android application. Twitter. Live: Twitter CEO Ev Williams’s Chirp Keynote. Twitter CEO Evan Williams has just taken the stage for his Chirp keynote. I’ll be liveblogging his talk below. Update: the full talk is now available and embedded below as well. Twiterrific helped the Twitter team realize what was possible from third parties, had people telling them that it made them like Twitter.Twitter gets 3 Billion requests a day through the APIAccording to comScore, that’s about the same traffic as Yahoo (though it’s not an apples-to-apples comparisonGrowth: 1,500% per year175 employeesAlmost a year ago to this day, Ashton Kutcher decided to race CNN to a million followers, then we get a call from Oprah’s people because Ashton was going to come on the show to talk about the race.
“We might want some help with the show, to make sure things are going right. Is Biz available? Have a new tool called ‘Murder’ Killer improvement in deployment. We have a new team that is about getting users from awareness to engagement. Twitter has 105,779,710 Registered Users, Adding 300K A Day. Twitter Finally Reveals All Its Secret Stats.
Just the Facts: Statistics from Twitter Chirp. Twitter world. The Twitter Platform. Enduring Value When we discuss the future of Twitter, we focus on the mechanisms through which we can build a platform of enduring value. The three mechanisms most important to building such a platform are architecting for extensibility, providing a robust API to the platform’s functionality, and ensuring the long-term health and value of the user experience. The purpose of this post is to explain what we are building, how we will sustain the company and ecosystem, and where we believe there will be great opportunities for the vast ecosystem of partners. Twitter is an open, real-time introduction and information service.
On a daily basis we introduce millions to interesting people, trends, content, URLs, organizations, lists, companies, products and services. These introductions result in the formation of a dynamic real-time interest graph. At any given moment, the vast network of connections on Twitter paints a picture of a universe of interests. Our responsibilities extend from there. Twitter Has Basically Doubled In Staff In The Past 6 Months.