Tweetness is Amazons weakness
[25.06.2008 first posted on silicon republic]
‘What are you doing?’ Getting your third round of financing if you are the US micro-blogging site Twitter, which yesterday received a substantial investment led by Jeff Bezos, founder of Amazon.com, with his firm Bezos Expeditions.
The entire investment is to the tune of US$15m, according to Michael Arrington of http://www.techcrunch.com/2008/05/22/twitter-closes-third-round-of-financing-from-spark-capital/”>TechCrunch, bringing total funding up to US$20.4m.
Joining Bezos as the newest member of the Twitter investment team is Bijan Sabet from Spark Capital, a venture fund based in Boston, Massachusetts.. Sabet will also sit on the firm’s board of directors.
“Bijan Sabet and his partners at Spark Capital made a big impression on us. Bijan has a strong sense of where Twitter is heading and sees our service as a new form of communication with the potential to have a real impact in the world,” said Twitter co-founder, Biz Stone, on the official Twitter blog.
But what next for Twitter? Is this funding going to sort out its considerable teething problems where features are routinely disabled due to ’stressing out’ or being way over capacity, or when every second refresh of the Twitter homepage seems to give an error message, again showing a lack of scalability.
Just take a look at the Twitter
Posted: June 25th, 2008 under news, Media & Marketing.
Pingback from Web 2.0 marketing for hostels, Twitter, Tumblr, etc. - Hostel Management Forums
Time: August 12, 2008, 6:24 pm
[…] Re: Web 2.0 marketing for hostels, Twitter, Tumblr, etc. An interesting article about Twitter getting $15 million investment from Jeff Bezos (Amazon.com) I’ve found Twitter to be very good for networking. If you haven’t seen it, there is a "Travel Twitterati" list here (Twitterers from the travel industry). And an interesting article about how the t-list uses Twitter. A hostel, Hostel Colonial, is one of the top travel industry users by Twitter followers and updates. I stopped using Twitter for a while because the IM support was broken, but I’ve started using Twitter with a program called Twhirl and it’s working well. […]