Filed under: Small business
Over the past few weeks, I’ve been at a variety of tech conferences. And there was one question that kept coming up: What do you think of Twitter?
The site, which grants for microblogging, is definitely a growing brand. It’s cool technology.
But I don’t really know the utility of the service. In fact, many of the people I talked to concurred.
Yet, it doesn’t seem to matter much. This week, Twitter raised a cool $15 million (according to a report in GigaOm). The valuation? $80 million.
Interestingly enough, Twitter has had some issues with its performance (for example, there have been some outages). Then again, some of its users are constantly typing away on the service - which puts a lot of strain on the infrastructure.
But, I’m still skeptical. How many people have the time to microblog about minute-by-minute details of their lives? And who really cares?
Essentially, I think Twitter is addressing a niche market - not something that will ultimately become mainstream.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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