Facebook and Twitter hunt for revenue

NEW YORK (Reuters) - Facebook and Twitter have helped make social networking a household word. Now they need to make money.

Efforts to monetize the popular Internet services are increasingly a priority within the two companies, with Facebook Chief Executive Mark Zuckerberg and Twitter Co-founder Biz Stone outlining several initiatives at the Reuters Global Technology Summit in New York this week.

And analysts and investors, in search of the next Google-like hit, are paying close attention to the breakneck speed at which Facebook and Twitter are adding new users.

While the popularity of the two social media firms has yet to translate into the kind of revenue-generating machine that Google Inc developed with its search advertising business, some say Facebook and Twitter have become so central to the Internet experience that they are inherently valuable.

"Both are new ways of communicating. And when you have a new way of communicating ... you benefit people enough so that there is going to be value there," said Tim Draper, managing director of venture capital firm Draper Fisher Jurvetson, noting that he regretted not having invested in either firm.

In April, Twitter's website attracted 17 million unique visitors in the United States, up sharply from 9.3 million the month before. Facebook grew to 200 million active users in April, less than a year after hitting 100 million users.

source :

Related Posts by Categories

Widget by Scrapur

0 feedback:

Post a Comment


Your Ad Here

About Me

My photo
Just an ordinary people who wanna retire early and travel around da World, Someday I Hope..I started this Blog in 2009 to connect and communicate with all of you that maybe I don’t even know before.

Blog's Network

What kind of topic do you like?

Daily Horoscope



Music Blogs - BlogCatalog Blog Directory Blog-Watch - The Blog Directory Real Time Web Analytics Blog Directory - the high quality Links Directory for webmasters.
Real Time Web Analytics
traffic analysis