March 24, 2009 2:21 PM
- Text
ExecTweets Only Hints at a Twitter Business Model
(MoneyWatch) You probably thought the stock market rose yesterday by about 500 points because of some incredibly-complicated plan to lift the world out of the financial crisis. Those who tweet, however, are probably so self-involved that they think it was because the first inkling of a Twitter business model emerged yesterday, with the announcement by Twitter, Federated Media and Microsoft that MSFT would fund ExecTweets, a site devoted to what executives are saying on Twitter. As described in the site's "About" section: "ExecTweets is a platform that aggregates the tweets of top business execs and empowers the community to surface the most insightful, business-related tweets." (I guess that means it won't surface a recent tweet from Tony Hsieh, aka the CEO of Zappos, in which he said: "About to speak at conf. Spilled Coke on left leg of jeans, so poured some water on right leg so looks like the denim fade.") ExecTweets, however, is only the tip of a greater iceberg. On the Twitter blog, founder Biz Stone, writes: " ... if you're a major brand and you want to sponsor a topic-focused social media experience with Twitter, we suggest Federated Media--they'll fix you up right." So this is what Twitter's revenue model starts to look like: dozens of sites, along verticals, that are Twitter-sanctioned and advertiser-supported.
Interesting. But if that's the plan, Twitter, Microsoft and Federated should be a lot less demure, and much more creative, about advertiser involvement as this goes forward. It's not that the site has to shout "MICROSOFT!!!!", but to find the word at all on ExecTweets, you have to scroll down to the very bottom of a rather long page, where you'll be greeted with a banner ad. Boorrringgg. At the very top of the page, there's a visual which says, "Because it's everybody's business." Turns out it's a Microsoft ad as well, but contextually, as you can see here, it looks like the slogan for the site -- not something that bears clicking on. There is the kernel of an idea here, as marketing along verticals -- rather than to the entire Twitter universe -- is a lot more compelling, but there's a ways to go.
Interesting. But if that's the plan, Twitter, Microsoft and Federated should be a lot less demure, and much more creative, about advertiser involvement as this goes forward. It's not that the site has to shout "MICROSOFT!!!!", but to find the word at all on ExecTweets, you have to scroll down to the very bottom of a rather long page, where you'll be greeted with a banner ad. Boorrringgg. At the very top of the page, there's a visual which says, "Because it's everybody's business." Turns out it's a Microsoft ad as well, but contextually, as you can see here, it looks like the slogan for the site -- not something that bears clicking on. There is the kernel of an idea here, as marketing along verticals -- rather than to the entire Twitter universe -- is a lot more compelling, but there's a ways to go.
Latest Now in MoneyWatch
- Ohio unemployment hits 3-year-low
- Jill on Money: Retirement investing, allocation, long term care
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
Latest CBS News Headlines
on Facebook
on CBS News
- Gunmen kill provincial judge, child in Afghanistan
- Boeing says it's frustrated with Dreamliner glitch
- Boeing says it's frustrated with Dreamliner glitch
- Venezuelans: Will Chavez's challenger pose threat?
on Facebook
- Whitney Houston 1963-2012
- Adele sings a cappella for Anderson Cooper
- "Phantom" star sings on "CBS This Morning: Saturday"
on CBS News






