Click here for our mobile site

News Bits: Twitter CEO Evan Williams, Man of Mystery

Written by Erin Barker
Wednesday, December 3. 2008 at 11:35 AM EST Post a comment
Digg   Del.icio.us   Reddit   Email This
no ratings

In an appearance at the Churchill Club in San Francisco last night, Twitter Inc. CEO Evan Williams explained again that it just "wasn't the right time" for Facebook and Twitter to get together. But more importantly, he promised that revenue was on the way in the first quarter of 2009. Of course, we still don't really know how.

Williams continued to hint mysteriously about Twitter's top-secret, for-Evan's-eyes-only revenue strategy, reassuring us that "We will make money, and I can't say exactly how because... we can't predict how the businesses we're in will work." Alright then.

He rejected the idea of selling ads, saying instead that Twitter will find a way to charge business to talk to customers or sell products via Twitter. According to The New York Times, companies like JetBlue Airways, Dell, and Whole Foods Market have used Twitter in this way before, but Twitter "[hasn't] studied the business cases much. We literally have no business people in the company, so this isn't an area we're really focused on," said Williams.

Some other confidence-inspiring quotes from Williams's talk:

  • "[Twitter's biggest threat] is people who now see the concept... and say, 'Oh, we can do that better.' They could kick our butt."

  • "It's amazing anyone uses Twitter today. It's hard." 

And in other news:

  • MySpace has become the first social networking site to deliver video content on its mobile site. MySpace Mobile, which receives 3 billion page views per month, now lets users view videos they've uploaded or marked as favorites on the site. So now you can watch Roommates wherever you are! 

  • Even Google (Nasdaq: GOOG) has begun cutting back on spending, after revenue growth slowed in the past year, eliminating projects that "haven't really caught on" and "aren't really that exciting," CEO Eric Schmidt told The Wall Street Journal. "Letting a thousand flowers bloom and letting many of them stall and go nowhere has worked well to this point," Thomas Eisenmann, a professor at Harvard Business School, described the situation poetically.

  • Digg   Del.icio.us   Reddit   Email This
    Comments
    Be the first to post a comment regarding this story.
    More from Erin Barker
    Tuesday, November 10. 2009 at 12:00 PM EST Post a comment
    News Bits Has Moved!
    Wednesday, November 4. 2009 at 11:20 AM EST Post a comment
    News Bits: Apple Exceeds 100K Apps
    Monday, November 2. 2009 at 11:00 AM EST 1 comment
    News Bits: iPhone to Take Over E-Book Market?
    News / Analysis Friday, October 30. 2009 at 10:45 AM EDT 1 comment
    News Bits: Will the iPhone Flop in China?
    News / Analysis Tuesday, October 27. 2009 at 11:15 AM EDT Post a comment
    News Bits: Microsoft Dumps Family Guy
    All From Erin Barker
    RELATED CONTENT
    Friday, November 6. 2009 at 11:35 AM EST
    Microsoft, NBC Sports Name Olympics Vendors
    Tuesday, November 3. 2009 at 03:15 PM EST 2 comments
    Best Buy Confirms Digital Content Plans
    Tuesday, November 3. 2009 at 11:55 AM EST 1 comment
    Report: Apple Pitches Cable Killer to Content Companies
    Wednesday, October 28. 2009 at 02:45 PM EDT 2 comments
    Epix Set to Launch on Verizon FiOS
    Tuesday, October 27. 2009 at 03:50 PM EDT
    ZillionTV Adds Lions Gate Content
    Friday, October 23. 2009 at 12:45 PM EDT 3 comments
    Rights Issues, Monetization Hold Back Online Video
    Monday, October 19. 2009 at 02:30 PM EDT
    Episodic Joins the OVP Fray
    Friday, October 16. 2009 at 02:55 PM EDT
    Digitalsmiths Intros TV Everywhere Product
    Tuesday, October 13. 2009 at 05:30 PM EDT
    ExtendMedia Powers Bell Canada's 'TV Everywhere' Service
    WHAT TO DO
    Register
    to join our community
    Create
    a profile
    Rate
    & review services & products
    Participate
    in the community
    WHITE PAPERS
    MOST POPULAR STORIES
    NEWS HEADLINES
    Wednesday, November 11. 2009 at 11:45 PM EST
    TelcoTV: IPTV Is Stagnating
    Thursday, November 5. 2009 at 09:45 AM EST
    Google CEO Describes the Future of News
    Thursday, November 5. 2009 at 09:44 AM EST
    Is Michael Arrington's CrunchPad in Trouble?
    Wednesday, November 4. 2009 at 11:07 AM EST
    Martin Scorsese Believes in Blu-Ray
    Wednesday, November 4. 2009 at 11:06 AM EST
    Tom Green Discusses His Web Show, Monetization
    Tuesday, November 3. 2009 at 01:46 PM EST
    Gawker Launches Gawker.TV
    Tuesday, November 3. 2009 at 11:03 AM EST
    Tribune Papers Limit Use of AP Content
    Tuesday, November 3. 2009 at 11:02 AM EST
    Best Buy Prepares for a World Without DVDs
    Tuesday, November 3. 2009 at 11:01 AM EST
    Mysterious Nonexistent Town Appears on Google Maps
    Copyright © 2010 United Business Media Limited - All rights reserved.