"The first two generation still have to make enough company to be called interesting."
I'm not exactly sure what you mean by "make enough company", but a quick google search shows MySpace pulled in revenue of $800 million, with $10 million in profit. Facebook came in somewhere around ~$250 million (admittedly not profitable yet, but that's high revenue. Only a matter of time).
That's pretty damned interesting.
Somebody is willing to pay for services these companies provide; they must not be all hype. Twitter will likely find a revenue model as well (not as high as the other two, I would suspect, but still).
I'm sorry if it seems harsh, but these companies have had copious amounts of sweat and blood poured into them, and have grown into huge revenue generating machines. Calling them pure hype seems shockingly cavalier.
> "Twitter can become big but is it big enough given the hype?"
Yeah I totally agree with that lots of effort have into these companies and they will be profitable one day. I am not trying to say its pure hype. Its just overhyped. And its not like twitter is saying hype me, its just the bad ecosystem around it :).
Lets say a service like yelp, will you be willing to pay to use it. I would. They might not charge but still its solving a definate pain-point.
I thinking having an option to monetize using ads have led lots and lots of developers to just build stupid products and not focus on trying to solve a pain-point and provide enough value to the user that he says: "I like your product. I use it daily. Here you go $10, this months fees."
Comments
"The first two generation still have to make enough company to be called interesting."
I'm not exactly sure what you mean by "make enough company", but a quick google search shows MySpace pulled in revenue of $800 million, with $10 million in profit. Facebook came in somewhere around ~$250 million (admittedly not profitable yet, but that's high revenue. Only a matter of time).
That's pretty damned interesting.
Somebody is willing to pay for services these companies provide; they must not be all hype. Twitter will likely find a revenue model as well (not as high as the other two, I would suspect, but still).
I'm sorry if it seems harsh, but these companies have had copious amounts of sweat and blood poured into them, and have grown into huge revenue generating machines. Calling them pure hype seems shockingly cavalier.
> "Twitter can become big but is it big enough given the hype?"
Yeah I totally agree with that lots of effort have into these companies and they will be profitable one day. I am not trying to say its pure hype. Its just overhyped. And its not like twitter is saying hype me, its just the bad ecosystem around it :).
Lets say a service like yelp, will you be willing to pay to use it. I would. They might not charge but still its solving a definate pain-point.
I thinking having an option to monetize using ads have led lots and lots of developers to just build stupid products and not focus on trying to solve a pain-point and provide enough value to the user that he says: "I like your product. I use it daily. Here you go $10, this months fees."
I think that would be the day :).