Facebook and Twitter - taking stock (or not)

Thursday, December 4. 2008

Facebook and Twitter - taking stock (or not)

From the NYT:

Serious talks between the Facebook social network and the Twitter microblogging service started soon after Mr. Williams took over as chief executive on Oct. 16. Twitter reportedly rejected Facebook’s $500 million, mostly stock offer several weeks ago.

“We explored it, as we should. We took it seriously,” Mr. Williams said. “It definitely made sense — the strategy we talked about with them — but it wasn’t the right time.”

At $500 in $15bn valued stock....no definitely not the right time, because Facebook isn't likely to be worth much more than $3bn in our view, so thats $100bn in Real Money for Facebook which is about what it was valued at last round (and its still in stock, not even cash). (Nic Brisbourne did a good analysis last week).

When is the right time - well, after Facebook has been devalued of course - But we reckon in 2 years time Twitter may well be buying Facebook

- they could have a real revenue model

Posted by Alan Patrick in Hackers and Startups at 00:41 | Comment (1) | Trackbacks (0)

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Open Source Developers and users, Break the chains of web 2.0 share cropping. Understand that Twitter is a closed source application.

Twitter the friendly little bird wants to become a closed source monopoly. Twitter wants to lock you and your content into their closed silo and they want to generate millions in revenue off of your content, and for this they will give nothing back to you or your community .

With an Open Source solution you at least have a copy of the application that you have given value. With Open Source you have a choice. If you want to do things differently you are “Free” to take the software and do so. This kind of Freedom also keeps any ideas of vendor/data/content lock in out of the picture.

At adelph.us we believe in members freedom to control their accounts, and their content. We also believe that any revenue model should always put the members in the equation first. We believe in the Open Source community and ideals. We know we are not the smartest guys in the room and trust the our community of members and developers.

Break the chains of the old web 2.0 model. Do not give your content or your software development work to closed source old world companies they only seek to profit from you

#1 wiilliam (Homepage) on 2008-12-04 09:05 (Reply)

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