One of the media selections for this week has really peaked my interest. That selection is “Will Twitter Ever Make Money”. This is a topic I have wondered. How does one extract value from the benefits that Twitter or other social media, search engines, ect sites provide. Since this week’s topic is Business Models and the New Era of Competition, I would really like to focus on which business models are best for extracting monetary gains from the internet, and how do sites like twitter plan on monetizing their product.
This week, I will be reviewing the following selections -
Business Models on the Web
Gil and Frank Discuss Business Models
Video: Will Twitter Ever Make Money? Twitter CEO Evan Williams Responds
Article: "The Economics of Giving it Away," The Wall Street Journal
A taxonomy of internet commerce (2006)
5 business models for social media startups (2009)
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