Tuesday, October 21, 2008
twitter vs. yammer
From today's New York Times in an article entitled:
Popularity or Income? Two Sites Fight It Out
The founders and backers of Twitter, which has reportedly raised $20 million from venture capitalists, are just as adamant about their decision to grow first and monetize second.
Like the value of the telephone network or the Internet itself, the value of Twitter increases with the number of users. So growth is its top priority, said Evan Williams, Twitter’s chief executive. “If we spent time monetizing early on, it would have meant we weren’t doing other things that made the product better for users,” he said. Registrations have grown 600 percent over the last year.