BoomTown Decodes the Twitter-Is-Really-Serious-Folks-About-Not-Making-$$ Memo
In a blog post that comes as the polar opposite of a complete surprise, Twitter co-founder Biz Stone clarified a comment he made to a U.K. magazine that sounded like Twitter might actually charge for something.
Leaving aside the delicious irony of the name “Biz”–given Twitter lack o’ business model–fear not, Web 2.0 Bubblistas!
Because Twitter remains true to its nonrevenue principles, according to Stone in a post yesterday titled “Nothing To Report Just Yet,” stressing that the start-up-de-jour microblogging service would not squeeze companies for existing services–not no way, not no how!
Here’s the Stone post, along with BoomTown’s translation of his words:
Stone wrote: There was a sudden burst of news early this week surrounding some ideas we’ve shared publicly for quite some time. We’ve been thinking out loud for more than a year about the growing use of Twitter by companies, brands, and other commercial organizations. It’s great that both individuals and organizations are finding value in Twitter and there may be ways we can enrich the experience. In fact, we hope to begin iterating on revenue products this year.
Translation: The result of our loud thinking for more than a year? Gobs and gobs of hype and publicity for Twitter, with predictions that it will kill Google (GOOG), best Facebook and leap tall buildings in a single bound.
All in 140 characters.
By the way, “iterating” means “to say or do again” or “again and again.” So expect more loud–even deafening–thinking, even if we never ever come up with a way to make money.
Stone wrote: However, it’s important to note that whatever we come up with, Twitter will remain free to use by everyone–individuals, companies, celebrities, etc. What we’re thinking about is adding value in places where we are already seeing traction, not imposing fees on existing services. We are still very early in the idea stage and we don’t have anything to share just yet despite a recent surge in speculation. When we do, we’ll be sure to let you know.
Translation: Phew! That was close. Because money-making might actually require us to open a bank account, get an accountant and all do that tiresome stuff related to finances.
Until then, with our piles of VC cash and more to come (and in the immortal words of Robin Leach), it’s all champagne wishes and caviar dreams for Twitter.
[Photo credit: Twitter]