Sunday, December 15, 2013

Twitter IPO, Social Media, wrong people end up with the money

Using Twitter, Facebook, LinkedIn? -- are you getting paid?

Twitter IPO: why the wrong people ended up with the money | Aditya Chakrabortty | Comment is free | The Guardian: " . . .  look at Twitter's business. Or rather, look at its own assessment of its business, as stated in its S-1 stockmarket filing. Early on comes the delicious admission: "Our success depends on our ability to provide users of our products and services with valuable content, which in turn depends on the content contributed by our users." Read that again: Twitter is in the business of selling us to us – our news and views and idle banter. Without those, without us, it is nothing. As with Facebook and Tumblr and all the other social media, we're also part of Twitter's workforce. But I bet you haven't seen any stock options, either." (read more at the link above)





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