Facebook, Twitter and LinkedIn Release New Features with Revenue Implications
Posted by: admin in Stocks NewsFiled under: Competitive Strategy, Google (GOOG), Technology
The three major social media sites have been pushing new tools out to their user communities aggressively over the past year. Each company has its own set of rumors, from IPOs to being on both sides of an acquisition. While the ultimate 2010 aims of Facebook, Twitter and LinkedIn might not have been revealed to us yet, it is clear that all three are looking for ways to beef up revenue and demonstrate long-term viability.
Whether or not Facebook goes public this year, it’s still pointed toward that ultimate goal. The 350-million member social network is focused on finding new sources of revenue and gaining superior penetration into those it already has. Even if it’s more than a year away, it’s never too soon to begin shoring up your financial statements for an IPO. The latest new feature from Facebook, which has been announcing enhancements fairly rapidly over the past few months, is targeted directly at advertisers, underscoring the importance that the company’s attaching to revenue growth.
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Facebook, Twitter and LinkedIn Release New Features with Revenue Implications originally appeared on BloggingStocks on Wed, 27 Jan 2010 12:30:00 EST. Please see our terms for use of feeds.
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