Twitter's growth projections are LOL, ROFL, LMAO, TMI-ridiculous
So according to TechCrunch's "stolen [Twitter] documents":
TechCrunch didn't publish the full spreadsheet, but says it put Twitter's 2013 revenues at $1.54 billion on 1 billion users, 5,200 employees with $111 million in net earnings.
1 billion users, eh? Let's put that in perspective. Facebook has 250 million active users right now. One out of every seven or so people would have to be on Twitter in 2013 for that projection to be true. That assumes the whole world has Internet access...right now only 1.7 billion people do (at least according to what I could find on the web).
And even if they get the billion users, they're only making $1.54 per user per year...that's really weak monetization.
But before we get too carried away, it's important to note what twitter cofounder Biz Stone said in a blog post ( http://blog.twitter.com/2009/07/twitter-even-more-open-than-we-wanted.html ):
Obviously, these docs are not polished or ready for prime time and they're certainly not revealing some big, secret plan for taking over the world.
These documents could have been version 2 out of 53. The estimates could have wild guesses that have been revised massively downward. But if those estimates are anywhere near current, it's time for version 54...
- Anand (whose Twitter account is what biologists would term a "vestigial structure")
PS. Thank you to Fellow Fool Jeremy Phillips for forwarding the original article and sharing his thoughts.