Give the Twitter guys credit for honesty: Asked to explain how their big-hype, zero-revenue company will make money, as we did at last week’s All Things Digital conference. and they’ll cheerfully admit that they’re not sure. At least one of their investors seems to be equally unfazed, though Spark Capital’s Bijan Sabet predicts that the company’s plans will become clearer in the next 18 months.
And they say bloggers don’t work! I had to get off my sickbed today to call David Karp, the CEO of Tumblr, and ask him if he really was in talks to sell his company to Yahoo, as Gawker/Valleywag reported. For the record, Karp says the report is “categorically untrue.”
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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