A social network / instant messaging blog based solely on a 140 characters lenght messages, for me, is now ending 2013, really obsolete, because you can read Google Plus and Facebook posts on real time using mobile devices like smartphones and tablets.
Please read also:
The Terrible Cost Of Patents
Zoosk imminent IPO ?
More Tech bubble, Twitter IPO next Thanksgiving 2013?
Do you remember Zynga, Pandora, Yelp and others? Even LinkedIn.
There is a large dotcom bubble
fueled by venture investment funds, investors who are dragging other
investors to continue investing until they can sell shares of the
company and recover leveraged money, but the last holder of shares is
going to lose.
technology companies, without having a concrete business model
(supposedly will generate revenue from advertising and premium
subscription accounts) receive millions of dollars in funding to offer
something free, acquiring fastly a large mass of captive users as if
they had made them addicts, and then, the exit strategy (for investors)
is to get someone to buy the company at a staggering figure, as did
Blogger, Fotolog, MySpace, YouTube, Skype, Bebo and others. They are
like continually inflating balloons and they need to find a buyer before
they explode. If they can not find a private buyer for the entire
company, the investors had the strategy of going public, to start
trading its shares on the New York Stock Exchange, they turn those
pieces of paper (shares) in real money, they get thousands of buyers
purchasing lower small parts (shares).