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"Twitter is a new type of media property, pure and simple. He (conveniently) puts it in the same category as YouTube or Facebook."

Common thread? Huge web properties that don't have a business model.

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Indeed. I thought calling twitter 'a new type of media property' may be hyping it up a bit too much. A more appropriate description would be 'a really popular web app'. This investor may be getting ahead of himself. +$35 million will buy the twitter team time to devise a business model, but how successful that business model will be remains yet to be seen.

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