Twitter now ranks as the third most trafficked social networking site, behind Facebook and Myspace, and has achieved a certain cultural stature. With that said, FaceBook and Myspace still don't really have a business model either.
American Banker reports than more than a dozen banks have set themselves up on Twitter. Right now it's a hot commodity. Think about it. It's very name, like Google, is now a verb! I have to admit. I don't get it. Sure I "tweet" these blog posts, and have watched in amazement as people start "following," but I still don't get it.
Next thing you know Twitter will be everywhere. I can see it now...
Twitter me This! Is is true that the script for the new Batman Forever movie calls for plans to introduce a new character called "The Twitterer"
Scary! Speaking of which, come next October are kid's going to come to our door and say Trick or Tweet?
Will people then develop a Tweet Tooth?
God I hope not. Nobody asked, but here's my opinion: "If I was the "King Tweety Bird" I'd take $700 million for that business in a "heartbeat"
I heard from a little birdy that's what they were offered. If so, it's not worth it to place a $700 million bet on whether or not this is a passing fad. Banking $700 million is all the rage. Speaking of Facebook, does anybody know their business model? How about myspace? YouTube's business model is apparently to lose 2 million per month.
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Getting back to business models: If you're King Tweety Bird, (a.k.a. Jack Dorsey) either sell it for $700 million...or call HomeATM to discuss your payments idea...which you aptly code-named "Squirrel." It's a good idea. It can make Twitter a ton of cash. So call us...we can help!
But be aware...we had previously code-named that very same idea "patent pending". Let's compare notes!
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