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Compete just released this month’s statistics and unsurprisingly, Twitter had a big month, growing around 33 percent over the past month, just within the United States. Recently I’ve been estimating the site at around 10 million global users and it’s clear that with the massive press coverage, the company is growing at a quick rate. Twitter has been all the buzz within the social media space over the past couple months following an unsuccessful acquisition by Facebook.
Facebook then followed up with an update to the site which many are dubbing the “Twitter Response”. Ultimately the two services provide different value propositions. Just yesterday I posted a poll on Twitter of which over 200 people responded to. The question was “Do you send your Twitter updates to Facebook?” According to the results, 48 percent of people keep their updates separated while another 43 percent sync the two.
Essentially the poll was split down the middle for the most part. Facebook has been forced into an interesting position as Twitter essentially “out opened” them by launching an unfiltered API service early on. Facebook is on a path toward openness but it doesn’t appear to be slowing Twitter’s growth. At this rate, the company could have over 100 million users by the end of the year if they keep growing at 33 percent monthly.
More realistically I’d estimate that the company will end up closer to 50 million users by the end of the year. Regardless, this is huge growth, mimicking some of the early growth experienced by Facebook which has skyrockets to over 175 million users. With all this growth, Twitter is bound to receive a few more acquisition offers by the end of the year despite the recession.
How many users do you think Twitter will have by the end of the year? Do you think the company will be acquired before the year is over?
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People twit to be heard.
People used face book to be updated with people and to gained more friends.
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Unique Visitors (UVs) is a very different metric from the number of Twitter accounts that exist. The latest UV numbers for May were nearly 20 million according to Compete, but no one seems to know how many user accounts exist.
Anyone have any idea how many user accounts have been created? Techcrunch says take a recent userid and divide by 5. Any other theories?
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For now the best they can do is to keep improving on the service and finding ways to get more people registered. With the new home page layout and an emphasis on status updates at Facebook, it will be hard to win away those already comfortable on Facebook.
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I'm just waiting for my bailout money to come through... ;-)
Seriously, I think Twitter have enough cash to burn through another year-18 months without worrying about an exit. They are going to do some hiring and perhaps realise some strategic alliances to monetise elements of what they are building.
But I think they can still play a long, slow game - and they should do. They are worth more with every new user account.
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http://www.web-strategist.com/blog/2009/01/11/a...
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The bigger question in my mind involves the approximate 25% of the U.S. Congress and 100+ UK Councils actively twittering. Whether Twitter, Inc. works out some international public-private partnership sounds more possible than an acquisition. If anything, Google would be involved. I doubt Facebook, if it's between the two.
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Hope to see you soon, I'll be at SXSW and Web 20 expo
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As for 2010, the sky is the limit.
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Now, the users are coming... Will Google come next? Bubble or not...
Twitter is hot as of the moment and microblogging is here to stay
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it is that is valuable
when are we going learn
peeps
brighten up!
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That being said...I'm loving my twittering. And am about to turn off the Facebook/Twitter app. Would rather it go to LinkedIn but read that it can't/won't.
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Would expect total users by year-end to be about 50 million, Twitter enterprise value at that time approximately $1 - $2 billion. Basically the market values of Twitter and Facebook are going to converge by year-end.
Once Twitter's new feature set gets rolled out over the next several months it's only a matter of time before Twitter becomes more valuable than Facebook - probably by this time next year.
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Your comment reflects my interest in Brazilian use of social media. I would like to connect with you to discuss this topic. Are you on twitter?
@montenegror
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Of course having 2 million actual users is slightly less impressive.
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http://www.ontimepc.com/information.php?info_id=26
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