Twitter bleeding money

[LongTimeListener]

http://gawker.com/5891675/twitters-secret-history-as-the-worlds-worst-tech-or-media-business

Nice Gawker scoop. Leaked documents show Twitter lost $67.8M in 2010 and $25.8M through the first quarter of 2011. After that, they doubled staffing, but there's no indication revenues have picked up all that much, so there possibly/probably have been greater losses since then. (Facebook was taking in 26x the revenue during the period in question.

There's no crisis because they still have hundreds of millions of dollars of venture capital coming in, but it's just confirmation that nobody yet has figured out how to monetize Twitter, including Twitter.

#justkeeppostingitwillallworkout

 

[Stitch]

But there was an open bar at the party.

 

[dooley_womack1]

If only Twitter could monetize Ashton Kutcher and Demi Moore

 

[Inky_Wretch]

#FirstWorldProblems

 

[Armchair_QB]

How does Twitter make money anyway?

 

[dixiehack]

Somewhere Kony is giggling and doesn't know why.

 

[Football_Bat]

How does Twitter make money anyway?

You will know the second you get carpet-bombed with ads when making a tweet. Not today, but it's coming.

 

[Steak Snabler]

How does Twitter make money anyway?

Volume.

 

[PCLoadLetter]

How does Twitter make money anyway?

Volume.

Brilliant.

 

[Sea Bass]

How does Twitter make money anyway?

Volume.

Brilliant.

We're not going to give you two thousand nickels.

 

[Johnny Dangerously]

How does Twitter make money anyway?

Volume.

I tip my cap, sir.

 

[Lugnuts]

Some funny responses on this thread.

This story makes me happy.

 

[DanOregon]

One person who has figured out a way. And I imagine Twitter doesn't see a dime of it.
http://www.dailymail.co.uk/tvshowbiz/article-1238285/Is-worth-10-000-tweet-Kim-Kardashian-earns-big-money-using-Twitter-account-advertise-various-products.html

 

[PeterGibbons]

It's good to see someone else has a business model as bad as newspapers!

 

[steveu]

Twitter can't help me with my change needs. (shrugs)

 

[beardpuller]

It's good to see someone else has a business model as bad as newspapers!

It is an amazing parallel. Here is something most of us now find essential, that we pay absolutely nothing for. We're all so used to using it, if they started charging a little something you'd have to pay, right? And if we cross our fingers, maybe it will work that way with newspaper web sites.

 

[MileHigh]

Yeah, it should go to a paywall. $4.99 a week. But your first 15 tweets per month are free.