Twitter Snags $50 Million In Fresh Funding

Twitter is huge and just about everyone who is online knows it. Founded by Jack Dorsey, a software architect, the micro-blogging site has experienced explosive growth, particularly since the beginning of this year. It is believed that some fifty million people now use Twitter, not bad for a site founded in 2006.

What Twitter Is Worth

TwitterRecently, Twitter went “shopping” for cash and came up with a fifty million dollar investment, but what was most significant wasn’t the amount of money raised, but the new valuation for Twitter – one billion dollars. Yes, the same company who raised money back in February and was valued at $250 million at that time is now worth four times that amount. An amazing increase in just seven months time!

Insight Venture Partners of New York has been identified by TechCrunch and other leading sites as the company who provided the funds in the most recent round of investing. Insight poured money into Photobucket when it was a young company, reaping the rewards of a sale to News Corp. in 2007 for about $250 million.

Are Ads Coming?

Twitter hasn’t brought in much money since it was founded, choosing to concentrate on building its backbone and expanding its base first before running ads. Recent changes in the company’s Terms of Services (TOS) showed that running ads was an option that Twitter would eventually which may also include allowing people to set up business accounts for a fee.

Social media sites have always been difficult to monetize as users are generally ad adverse. Place a few ads on your site and you risk having everyone leave it for the next big thing. But, if you continue to run your business model without making money, the obvious happens – your investments are all tapped out.

While Twitter isn’t doing much in the way of making money off of ads, other services are. Then again, there are sites such as Topsy which provide a Twitter tool, but are themselves not running ads. At least not yet.

Follow Me On Twitter

Since I’m on the subject of Twitter, feel free to follow my mattkeegan account. Admittedly, I probably won’t follow you back if all your tweets are product pitches, so please keep that in mind when following me. I’m a dedicated tweeter and retweeter, but only of articles I like and for friends who carefully use Twitter to build a healthy following.

See Also – Source: Insight Venture Partners Is The New Twitter Investor

Bada BING, Bada Boom: Microsoft’s New Search Engine Emerges

Its about time that Microsoft Corporation offered up a new web search engine, having failed miserably in its previous attempts to do so. Blaming Google’s success for long term failures is easy to do, but when you even trail Yahoo Search badly, then there is much room for improvement.

Bing Goes Live

bingWhispers of a new Microsoft search engine have been heard for some time with a full scale announcement and preview offered late last week. Today is the date that Bing officially goes live, but if you’re like most of the other curious folks who have a passion for search, then you’ve already checked it out in preview. Often too.

Until now, we’ve had to endure Live Search, the most recent version of the Microsoft search engine prior to Bing. Admittedly, I use Google Search almost exclusively, heading over to Yahoo Search only when I need to check Yahoo Site Explorer out to see how my websites are performing. MSN is usually a non-thought, never getting a chance to prove itself simply because it has failed to prove itself so often in the past.

Giving Other Search Engines A Chance

Hey, don’t blame me — I gave Cuil a chance but quickly abandoned it when it turned out to be a miserable failure. On the other hand, I’ll continue to play around with Wolfram Alpha if and when I want to be entertained. Heck, Twitter Search is probably the funnest one of them all, offering up real time returns on what other people are tweeting about which sometimes can come in handy.

But, when it comes to searching for what you want to find on the internet, Google still rules, controlling about two-thirds of the market and not about to cede its place to a young upstart especially one operated by its bitter rival, Microsoft.

Relevant? Not Quite.

Naturally, when I go to a search engine I enter in my name to see how often it is returned and what sort of returns are served. By taking my full legal name in quotes — “Matthew C. Keegan” — I come up with more than one million results, at least ten times the number I typically find on Google Search. Hmmm….

Okay, I know that I am famous, but I doubt that every single one of those results is accurate. Perhaps more telling is that when I click on the Image tab associated with my name, I find three actual pictures of me with several others being of unrelated photos I’ve used on my many different sites and a handful of other pictures of various objects I’ve never seen before. I may write about car engines, but I resent being associated with a diesel engine!

Playing Around With Bing

I’m not very scientific when it comes to trying out a new search engine, rather I use many of the same tactics I employ on Google Search to give Bing a whirl. Usually, I know almost immediately if a search engine holds promise based on what it does versus what I already know what Google can do.

Bing, even with some results for certain search terms not being all that relevant, still offered up some accurate and informative results for other terms I like to use. In fact, I managed to find some Search Engine Results Pages (SERPs) parallels with Google. I do like Bing’s clean interface and the preview information about each result that appears when you hover over it is certainly handy.

Not yet cluttered with a bunch of ads, the Bing “surface” is easy on the eyes, simple to navigate and doesn’t have that “thrown together” feel of Cuil. I like clicking on the Maps tab to find a location which shows how to get there from here while also revealing an aerial view, bird’s eye look and more. I will happily toss Mapquest for the chance to use Bing Maps, what may end up being an important pull to get me binging the ‘net.

Binging The ‘Net

All that said, I liked previewing Bing and plan to spend more quality time with the web’s newest search engine in the days and weeks ahead. Cuil failed out of the box, but Bing appears to have enough going for it to make a serious run as a search engine.

Will Bing challenge Google? It may, especially given Microsoft’s plan to throw $80-100 million dollars in advertising at it. Of course, Google won’t roll over without a fight which means that the winner of this battle will ultimately prove to be you, the web user.

See Also Wolfram Alpha, The Only Search Engine You Need?