So apparently some people are shocked that Twitter would buy a startup built on it’s service. Really? Hello does anyone remember Summize? The Twitter search startup that Twitter bought and that became Twitter Search. Now Twitter’s bought Tweetie, the leading premium Twitter iPhone app and made it Twitter for iPhone. Anyone notice a trend?
I know this is going to come off a s a one big “I twold you so!” post, but maybe it is. Way back in March of 2009 I predicted that Twitter would acquire startups that find a way to monetize Twitter.
Will Twitter build or acquire a business model?
Twitter and many others will acquire startups that can monetize Twitter (or any other social network).
Now ironically Twitter acquired a startup that was monetizing Twitter through a premium app and are now going to give away the app for free but that’s absolutely the right thing to do.
Then again in August of last year I asked: Is Twitter Shopping for a Business Model?
Then to be very clear I posted again a moth later:
What will Twitter do with $100 Million? [Acquisitions]
They’ll build some features and tools (the easy ones). They’ll start making the kind of partnerships that Facebook is making in selling data to other companies. But I think they are going to start getting serious about acquiring companies.
So far I’ve been pretty spot on except I thought they would have been much more active by now. So with that I’ll continue my predictions, Twitter has a boat load of money and are in no hurry to sell. They’re going to continue to acquire startups.
If you want more analysis here’s the best posts I’ve seen so far:
- Stop Complaining, Twitter Just Proved Your Exit Strategy by Rob Diana on Regular Geek
- A Note to Twitter Developers: Alas, It Was Ever So: Now, Add Value, Post Haste by John Battelle on Searchblog
- You Asked Twitter to Grow Up. They Have. And You’re Mad? by Louis Gray on his blog
- The Twitter Platform’s Inflection Point By Fred Wilson on A VC
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