Saturday, January 31, 2009

Warning: Dependence on Facebook, Twitter Could Be Hazardous to Your Business

Ha!
You've probably heard how much the micro-blogging service Twitter can help your business, or that being on social networking site Facebook can boost your company's profile. But what you might not have considered is the potential danger in over-relying on these startups that could go out of business, get bought out, or close your account if you aren't familiar with their Terms of Service.

In terms of growth, both Twitter and Facebook are booming, with Twitter growing by 600% and Facebook nearly tripling in users in the past year. Both companies rely on venture funding to survive. Facebook has been bringing in revenues from advertising; Twitter hasn't yet clarified how it will bring in money.