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What next - Twitter ego searches?

The implications of real-time search and Summize deal

Financial trends and news by Bambi Francisco Roizen
July 16, 2008 | Comments (3)
Short URL: http://vator.tv/n/2fa

(Editor's note: This post was updated to include Jack's pitch. Watch for Jack's interview with Vator.tv next week.)

Twitter confirmed that it bought Summize for an undisclosed sum, as noted in Twitter co-founder Biz Stone's blog post. The price tag is $15 million in mostly stock, according to Silicon Alley Insider. It's hard to determine whether it's stock well spent, but suffice it to say, on the surface it looks like a good acquisition, based on Summize's search engine, which is already integrated into Twitter search.

Here's a few points of interest:

Twitter is now the place to go to find out "who's talking about you or your company [in 140 characters]." It's yet another ego search the Internet generation will be doing, I"m sure.

Twitter is now another voyeuristic tool to find who's talking about whom. 

Twitter just bought a company with an obvious business model, paid search - something that is tried and true.

Companies with no business model - like Twitter - can actually make double-digit million dollar acquisitions. 

Companies that raise $15 million - like Twitter - can make an acquisition for $15 million, especially when the acquisition is in stock and the valuation of the acquirer is $95 million.

I'm interviewing Twitter CEO and co-founder Jack Dorsey on Wednesday.

Here's what people are saying about Jack on Twitter search.


 

 


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Description: What is Twitter? Twitter is an online information network that allows anyone with an account to post 140 character messages, called twee...

Comments

Comment_gbg
Ezra Roizen, on July 15, 2008

We named Twitter the overall winner of the AlwaysOn Global 250 competition. Like many I didn't get it at first (and frankly thought it sounded sort of stupid) - but now I'm one of the converted. Twitter has captured the way many of us think and communicate - in small bites. It's a way cool distribution platform. For example, I'm using it to announce my analysis and commentary (http://twitter.com/ezraroizen).


Rich Reader
Rich Reader, on July 15, 2008

Summize was noted today at SocialMediaCampSF as a great companion to Twitter.


Comment_gbg
Bradly Couch, on July 16, 2008

Thank you Miss Bambi, I truly appreciate your good looking out by forarding me the links to such impactful stories ~ interview already happened?


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