After a week of 3D over the last few days it makes something of a pleasant change (although we’re really not complaining about being indundated with 3D goodies) to write about something else. In this case, it’s all about social networking and the social web. Twitter has reached its 20 billionth tweet in excellent time while Facebook looks likely to postpone its float on the stock exchange until 2012 so it can further build its revenue base but Spotify has denied market rumours instead stating that they will be ready for a 2010 US launch date.
It took Twitter four years to reach its first 10 billion Tweets but having achieved that milestone in March, it has taken very little to double the figure and the Japanese designer that was responsible has virtually become a legend on the social network. Twitter has become increasingly popular in Japan with approximately 12% of all Tweets hailing from there. Some of this popularity is down to the fact that the Japenese language allows Tweeters to say a lot more in 140 characters.
Meanwhile, the biggest social network of all, Facebook, having recently reached its 500 millionth user mark, looks likely to stall its IPO until 2012. It is claimed that this will give the company more time to increase their revenue base and will allow founder Mark Zuckerberg time to build relationships with the investment market. It is near impossible to put an exact figure on the value of the company with one recent estimate at around $25bn.
Music streaming serviec Spotify, which offers an ad based free music sharing servec throughout Europe, has vehemently denied claims by Billboard stating that their negotiations have hit a brick wall and are back to square one. The comapny says that they still intend to launch by the end of this year and will offer a similar ad supported service in the US.
If not, why not?