Friday, July 10, 2009

Twitter Not Proftable Go Figure

Twitter is not profitable say media elites. Allen & Co. A major venture capital power house is hosting a no media media conference at the posh location of Sun Valley. Major business news outlets all are reporting that the participants on a panel moderated by media writer Ken Auletta of The New Yorker magazine predict Twitter will face major challenges when they finally try to generate revenue. Mr. Auletta confirmed the tenor of the Twitter talk afterward.

What was not confirmed is how the established elites plan on making money right now.
Two of the panel participants, veteran media executive Barry Diller who is CEO of InterActiveCorp (IAC) and cable television magnate John Malone, chairman of Liberty Media Corp. (LCAPA), reiterated their skepticism about Twitter's moneymaking potential in separate interviews. Secret code for we do not want to over pay like we have done in the past.

So the two chief media honcho’s go to a no media media conference and manage to get themselves interviewed about how something they do not own is not profitable. Hmmm