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Originally Posted by Houdini
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It's amazing how people in investing in a company can make such a big mistake.
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Conway, speaking at a TechCrunch conference Friday about Twitter and related companies, compared Twitter to Google Inc. in its early days and said there are sizable revenue opportunities around ?now media? ? a range of start-ups that build on Twitter?s real-time communication.
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The difference is people go to Google to find information and get adverts related to their search. People on Twitter are looking to pass time and don't have any specific need most of the time. Two totally different types of advertising.
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Another attendee, News Corp. CEO Rupert Murdoch, earlier in the week told TheStreet.com that Twitter ?is an amazing phenomenon but I have no idea how they can monetize it. No one monetizes the Web today to any extent other than search.?
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A much brighter answer.