Thursday, May 26, 2011
Is this the end of Twitter?
We are in the midst of a tech bubble with LinkedIn and RenRen having IPO'd at humungous amounts. Although Twitter's Biz Stone has denied they are ready for an IPO, he must be staring at a multi billion dollar payoff so he must be tempted. (Guardian says Twitter is worth about $10 billion)
That was the case a couple of days ago. Now Twitter is apparently looking at handing over personal data to non US authorities, the value of Twitter is diminishing rapidly. Despite the UK helping Twitter reach its highest ever Tweet rate, they are looking to kick us all in the teeth.
We wouldn't be surprised if we start seeing accounts being deleted at a rapid rate and Twitter being binned by the end of the year.
Would you dare say anything on Twitter that could leave you open to having all your assets taken away and a spell in prison?
Unless of course the UK sorts out its Privacy Legislation (Bill of Rights and all that good stuff) in which case Biz Stone can look forward to joining the billionaires club instead of joining Julian Assange in prison.