A few years ago, Twitter was offered a buy out deal from Facebook. However, the company was hoping for more money in the deal, and chose to hold off until a better offer came along.
Once the buy out offer went through, Facebook introduced an updating service similar to the one Twitter has to its members. Now, they can post real time status messages through out the day, and Facebook is becoming hugely popular.
Facebook may still buy Twiter at some point down the line, but for now Twitter needs to find a way to get revenue coming in. This is a challenge because of the ease and popularity of Facebook.
Twitter has some serious cash flow problems, and generating revenue hasn't brought in the money they really need. Twitter is growing too, but they may disappear if they do not find a solution to get some more funds deposited into their bank account.
Facebook, however, is not having any difficulty with finding ways to earn revenue, mainly by advertising. They now have much more resources available than they did a few years ago.
To a lot of people, this Twitter fad is nothing more than a blip in the history of human communication. The fact that the prime use of this technology is to update people all day long about every little thing they are doing all day long.
Both services share one common issue, and that is that a lot of people can care less about reading the details of everybody else's life throughout the day, but Facebook offers more than just posts.
Twitter should sell and take the money and run while there are people interested in buying it because chances are that it will be over with soon.
One of these days, people are going to collectively wake up and discover that there is more to life than reading about the lives of everybody else. So, the smartest move to make is to rake in the money now and find ways to be a viable and needed service in the future.
Once the buy out offer went through, Facebook introduced an updating service similar to the one Twitter has to its members. Now, they can post real time status messages through out the day, and Facebook is becoming hugely popular.
Facebook may still buy Twiter at some point down the line, but for now Twitter needs to find a way to get revenue coming in. This is a challenge because of the ease and popularity of Facebook.
Twitter has some serious cash flow problems, and generating revenue hasn't brought in the money they really need. Twitter is growing too, but they may disappear if they do not find a solution to get some more funds deposited into their bank account.
Facebook, however, is not having any difficulty with finding ways to earn revenue, mainly by advertising. They now have much more resources available than they did a few years ago.
To a lot of people, this Twitter fad is nothing more than a blip in the history of human communication. The fact that the prime use of this technology is to update people all day long about every little thing they are doing all day long.
Both services share one common issue, and that is that a lot of people can care less about reading the details of everybody else's life throughout the day, but Facebook offers more than just posts.
Twitter should sell and take the money and run while there are people interested in buying it because chances are that it will be over with soon.
One of these days, people are going to collectively wake up and discover that there is more to life than reading about the lives of everybody else. So, the smartest move to make is to rake in the money now and find ways to be a viable and needed service in the future.
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