Sunday, September 20, 2009

NY Post: Unsweet Tweet

$1B Twitter is a cash cow - for everyone but itself
By Paul Tharp
New York Post

Twitter may make millions of dollars this year -- just not for Twitter itself.

Founders Biz Stone and Evan Williams are reportedly shopping for $50 million in funding for the social media site, touting a $1 billion valuation. That's despite the fact that Twitter has not yet released or implemented plans for turning a profit.

Meanwhile, other online ventures have already come up with ways to make money from Twitter, leaving the free service in the dust.

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