Saturday, June 18, 2011

Twitter is Worth a Few Billion Dollars, huh?

Follow me on Twitter logoImage via Wikipedia
A little disclaimer: I have about 30K Twitter followers, and I regularly tweet out posts for my internet blog http://futuretwit.com (and it generates a lot of traffic). Having said that however . . .

I don't understand the world's fascination with Twitter.

I understand my personal fascination with it. I have a blog and I like the traffic it generates. I just don't understand what the people who follow me on Twitter get out of it.

I mean, if you have more than about 10 followers, there is no way on earth that you can keep up with all of the tweets that hit your inbox (unless you have people who use it more like an email service and only tweet when someone has a baby -- but why not just use email instead). The number of times I've actually clicked on a link that someone sent out on Twitter (from among the 30K or so people I follow) is in the low double digits, and I probably wouldn't even have an account right now except for the fact that I have a blog.

To me, Twitter just seems like a glorified chat room along the lines of AOL or Yahoo from the mid 1990's. I just don't see anything that a person could do from Twitter that they couldn't do better from another internet service, and without the whole world knowing about what they're doing.

In terms of anyone paying billions of dollars for Twitter, unless they're preparing to dump the stock and make a quick buck, I just don't see it. Twitter isn't going to be around in five years, maybe not in three years. I just don't see it filling a need large enough in people's lives to keep it going, especially as technology keeps improving and the platform gets competition from services like Google and Facebook.

But, maybe I'm wrong. Maybe Twitter is worth billions of dollars.

And if you believe that, I have a bridge that I want to sell you :)
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