Lots of things compete with twitter (and beat it by miles).
Instant messaging apps - AIM etc do far higher volume of messages. IRC does. Facebook does.
Sure, it's not apples for apples identical, but can you imagine ICQ being valued at this price?
Instant messaging apps - AIM etc do far higher volume of messages. IRC does. Facebook does.
Sure, it's not apples for apples identical, but can you imagine ICQ being valued at this price?
1. Users mostly international: Europe and Russia
2. Israeli-based - for two absolutely identical companies one in SFBA and one in Israel - the Israeli will have ~ 30% discount.
The ICQ equivalent would be to have someone like starbucks open up a chat with users and still manage to somehow retain the users.
Certainly though I see this growing on Facebook to, I don't think there is only room for one game in town here though, so far companies have been happy to work across both platforms. Depends a lot on Twitters future user retention and engagement I guess.
It's not even apples for oranges, it's apples for penises. Volume is hardly a good metric for valuation.
Right. Fashion is. This is a 'twitter is fashionable' valuation.