Facebook Stream vs Twitter
As a fan of Facebook, I’ll admit I was slow to share my social network time with Twitter. Twitter felt more like Facebook status updates without the person’s profile….. Actually, that’s what it is. Its a series of one way communication. Last year, Facebook was interested in buying Twitter and it may end up being the best decision they made. Every technology company goes through the cycle of either building the new hot technology or buying their way into the market. In the online space audience always wins and Facebook has 175 million registered users and Twitter has 6 million. Now Facebook has released Facebook Stream and this could mean the end to Twitter. Maybe this is an opportunity for MySpace to buy Twitter and look cool again.
I recently joined Twitter and I don’t believe there’s room for the R.C. Cola of Social Networking. MySpace was 1st to market and still leads in unique users with well over 75MM per month in the US, with Facebook as a close 2nd in the US. Twitter may find a place for itself, but smells more like a fad than a trend. MySpace owns the Social Networking space from a content perspective, so both Facebook and Twitter need to catch up there. MySpace needs to follow (ironically) Twitter and Facebook a bit on functionality, but they’ll get there eventually. Basically, they need to come out with their Diet Coke.
Morgan Barclay
March 14, 2009 at 12:57 am