Is it just me, or is there a barrage of haters throwing stones at the little bird? And I’m not talking the usual Techcrunch comment trolls, I’m talking high profile suits.
First we have the “dooming” Morgan Stanley report(The report is in PDF format). The one written by a 15 year old intern. Now, don’t misunderstand me, I’m not saying the young chap is incapable. Au contraire, read the report! It is not bad at all. What is shocking though is that the only thing said in the report about Twitter is:
On the other hand, teenagers do not
use twitter. Most have signed up to the service, but then just
leave it as they release that they are not going to update it
(mostly because texting twitter uses up credit, and they would
rather text friends with that credit). In addition, they realise that
no one is viewing their profile, so their ‘tweets’ are pointless.
Three sentences in a single paragraph of an entire report and the headlines spells doom for Twitter. What a lot of the Doomsayers do not realise is that MOST of Twitter’s userbase starts out this way. They register an account, then think “This is useless” and leave. They do not return for months. Eventually, though, they will revisit Twitter. That is how it was for me and a lot of other regular Twitter users I know of. The point these suits miss is this very significant paragraph:
Most have signed up to the service
A lot of these teenagers WILL return at some point. They should pay attention to the other interesting facts in that report…
The second article was a Reuters article. The headline reads: “Want to buy Twitter? As far as anyone knows the site has yet to earn a dime.” Now, there is no arguing that fact. No-one is disputing it. Yes, I can understand that there are very few people who would invest in something that has no plan to be profitable. Someone is funding it, so why is this such a big deal for everyone?! Why the hell does it concern people so much? It is not as if it is their own money or tax money that is being used to fund Twitter, is it? NEWSFLASH: Twitter turned down various very lucrative offers. Not that long ago either! So, Moneyweb et al, stop bothering yourself so much with how Twitter does or does not make money! If their money dries up, then we’ll start to worry… Okay?