No worries for the CEO of Twitter. If they can't succeed making money, they'll probably get bought!
Talking earlier this week at the Churchill Club in San Francisco, Calif., Twitter’s CEO pointed the fact that in the last 5 years none of the very popular Internet services have gone away because they could not make money.
Those really successful Internet companies would get acquired but not disappear or die.
A reference to the San Francisco startup of course that is still looking for ways to monetize its growing user base; which now total 6 million subscribers.
To prove his point, Williams cited YouTube and Paypal as two popular Internet companies that also had trouble – YouTube still is - monetizing their success.
“YouTube sold to Google because they were going to get their pants suit out. If that wasn’t the case, then the founders and their backers wouldn’t want to sell because it’s the future of television in the U.S. They had some unique things working against them,” said Williams.
And Williams knows the topic fairly well having sold Blogger to Google in February 2003 and recently rejected Facebook’s $500 million offer!
