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Saudi prince invests $300 million in Twitter

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Re: Saudi prince invests $300 million in Twitter

#41
I find it interesting that a government which allegedly funds terrorism [1] also funds a company which is supposed to be the shining beacon of transparency and a tool which has been crucial to the Arab Spring movements.

Wonder how much of an influence this will have on Twitter's self-censorship.

[1] http://www.guardian.co.uk/world/2010/dec/05/wikileaks-cables...

Re: Saudi prince invests $300 million in Twitter

#43

Smart investment. Twitter has really changed news and personal broadcasting in ways many of us don't appreciate. And Twitter has some of the smartest people dispersing pearls of wisdom and knowledge like nowhere else. Again, Twitter is a smart investment - in more ways than just money.

"And Twitter has some of the smartest people dispersing pearls of wisdom and knowledge like nowhere else"

You should check out the library.

Re: Saudi prince invests $300 million in Twitter

#44
post #33

Earlier quoted context omitted.

I'm sure you don't drive a car, either.

Yes, and here's to hoping he doesn't do any business with Citibank, directly or indirectly.

Or uses any Apple products. Or Owns a car or truck from GM. The prince has huge stakes in each

Re: Saudi prince invests $300 million in Twitter

#45

Earlier quoted context omitted.

> "If Twitter is making money..." Is it? Doesn't seem very likely at all that it is.

I've always wondered. On the one side you get the naysayers who don't think Twitter is significantly monetizable at all. On the other side you've got the people who think the Firehose is the greatest thing since sliced bread and is pretty much a golden ticket. I don't think I get Twitter - I've never found the service to be at all useful, and I find the 140-char limit quaint and out of touch with how users want to us…

More of my immediate family is on Twitter than on Facebook.

I have no idea what value the Twitter data feed has, but the value proposition of the service is compelling: reach interested people with minimal effort, build follower relationships to retain them.

My butcher, for instance, periodically twerps when he's got some oddball piece of beef to offload.

I used Twitter to enroll multiple cryptography classes. I had plans to use Facebook and email as well, but the response I got from a couple twerps filled my classes.

ChiSec, our local meetup for infosec people in Chicago, is scheduled and promoted entirely through Twitter. I use Crowdbooster's scheduled-twerp feature to post consistent reminders. It's miraculously effective.

This "people only use it to track celebrities" thing is a load of crap. Just as many celebs brag about their Facebook likes, but nobody says people go to Facebook for the celebs. The fact is that Twitter has a different, lower-drag interaction model than Facebook (which requires me to decide whether someone I want to talk to gets to see my kid's pictures). It's better optimized to broadcasting than Facebook is.

Re: Saudi prince invests $300 million in Twitter

#46

Smart investment. Twitter has really changed news and personal broadcasting in ways many of us don't appreciate. And Twitter has some of the smartest people dispersing pearls of wisdom and knowledge like nowhere else. Again, Twitter is a smart investment - in more ways than just money.

"And Twitter has some of the smartest people dispersing pearls of wisdom and knowledge like nowhere else" You should check out the library.

Twitter is easy to mock, but I suggest you compile a list of your favorite thought leaders on twitter, then have the list emailed to you via a service like tweetymail.

Then you'll start to get a glimpse of how potent twitter can be.

Re: Saudi prince invests $300 million in Twitter

#47

Earlier quoted context omitted.

"And Twitter has some of the smartest people dispersing pearls of wisdom and knowledge like nowhere else" You should check out the library.

Twitter is easy to mock, but I suggest you compile a list of your favorite thought leaders on twitter, then have the list emailed to you via a service like tweetymail. Then you'll start to get a glimpse of how potent twitter can be.

Who is mocking? I use Twitter regularly. But I'm not the one claiming that it's the greatest source of wisdom and knowledge on the planet. It's an interesting and useful form of media, but it's not even clear whether there's a viable business model in there.

Re: Saudi prince invests $300 million in Twitter

#48
post #11
post #8

How much of Twitter does that get him?

Using the $8 Billion valuation, around 3.75% of Twitter.

Ah, thanks. I suppose I'm a bit of a fool for not just looking up Twitter's valuation.

3.75% doesn't sound so bad, even if you assume bad intent. 300M had me thinking it had to be a really significant minority share, like 40%... not keeping up with the times, I guess.

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