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Users' photos can generate royalty-free revenue for Twitter, with an agreement with WENN being announced in May 2011.[90] In June 2011, Twitter announced it would offer small businesses a self serve advertising system.
http://bit.ly/ubAjYJ
Commented Nov 19, 2011 on Avinash Dixit on Samuelson at Dani Rodrik's weblog
Avinash Dixit on Samuelson
This appreciation by Dixit on Samuelson should not be missed.
Rosetta Stone
The company generated $45 million in annual revenue in 2010, after beginning sales midway through that year. The company operated at a loss through most of 2010. Revenues were forecast for $100 million to $110 million in 2011.
Commented Nov 19, 2011 on The End of an Era in Finance at Dani Rodrik's weblog
The End of an Era in Finance
In the world of economics and finance, revolutions occur rarely and are often detected only in hindsight. But what happened on February 19 can safely be called the end of an era in global finance. On that day, the International Monetary Fund published a policy note that reversed its long-held po...
Rosetta Stone
No information about how Twitter planned to achieve those numbers was published. In response, Twitter co-founder Biz Stone published a blog post suggesting the possibility of legal action against the hacker.
Commented Nov 19, 2011 on The Return of Industrial Policy at Dani Rodrik's weblog
The Return of Industrial Policy
British Prime Minister Gordon Brown promotes it as a vehicle for creating high-skill jobs. French President Nicolas Sarkozy talks about using it to keep industrial jobs in France. The World Bank’s chief economist, Justin Lin, openly supports it to speed up structural change in developing nations...
Rosetta Stone
The projections for the end of 2013 were $1.54 billion in revenue, $111 million in net earnings, and 1 billion users.
Commented Nov 19, 2011 on Greek Lessons for the World Economy at Dani Rodrik's weblog
Greek Lessons for the World Economy
The Greek crisis is yet another manifestation of the political trilemma of the world economy: economic globalization, political democracy, and the nation-state are mutually irreconcilable. We can have at most two at one time. Read the rest here.
Rosetta Stone
In July 2009, some of Twitter's revenue and user growth documents were published on TechCrunch after being illegally obtained by Hacker Croll. The documents projected 2009 revenues of $400,000 in the third quarter and $4 million in the fourth quarter along with 25 million users by the end of the year.
Commented Nov 19, 2011 on At a bookstore near you… at Dani Rodrik's weblog
At a bookstore near you…
but unfortunately, not anytime very soon! If you want to read a good book in the meantime, read this.
Rosetta Stone
Twitter has been identified as a possible candidate for an initial public offering by 2013.
Commented Nov 19, 2011 on What is going on in Turkey? at Dani Rodrik's weblog
What is going on in Turkey?
Not what you read in the papers. Forged documents, planted evidence, secret witnesses, anonymous informants — these have become the weapons of choice in the massive campaign underway in Turkey to destroy the secular old guard and discredit the government’s opponents. It may look like a mildly Is...
Rosetta Stone
In August, 2010 Twitter announced a "significant" investment lead by Digital Sky Technology that, at $800 million, was reported to be the largest venture round in history.
Commented Nov 19, 2011 on What does Spain need to do to get out of the crisis? at Dani Rodrik's weblog
What does Spain need to do to get out of the crisis?
I just came back from a conference in Spain, where this was the question on the table. I made the following points. First, expenditure cuts are not going to do the job on their own, unless accompanied by policies targeted directly at improving competitiveness. Second, "structural reforms" (which...
Rosetta Stone
In March 2011, 35,000 Twitter shares sold for $34.50 each on Sharespost, an implied valuation of $7.8 billion.
Commented Nov 19, 2011 on The Robin Hood tax at Dani Rodrik's weblog
The Robin Hood tax
There are a few things that suddenly ignite my urge to blog again. This piece a couple of days ago by Dominique Strauss-Kahn urging nations to coordinate their approaches to financial regulation almost did it. Here is a little excerpt: Imagine a financial holding company that owns a commercia...
Rosetta Stone
In March 2011, 35,000 Twitter shares sold for $34.50 each on Sharespost, an implied valuation of $7.8 billion.
Commented Nov 19, 2011 on The Robin Hood tax at Dani Rodrik's weblog
The Robin Hood tax
There are a few things that suddenly ignite my urge to blog again. This piece a couple of days ago by Dominique Strauss-Kahn urging nations to coordinate their approaches to financial regulation almost did it. Here is a little excerpt: Imagine a financial holding company that owns a commercia...
http://bit.ly/ubAjYJ
The company raised $200 million in new venture capital in December 2010, at a valuation of approximately $3.7 billion.
Commented Nov 19, 2011 on Europe’s fate depends on… at Dani Rodrik's weblog
Europe’s fate depends on…
Germany. Financial meltdown has been averted in Europe – for now. But the future of the European Union and the fate of the eurozone still hang in the balance. If Europe doesn’t find a way to reactivate the continent’s economy soon, it will be doomed to years of gloom and endless mutual recrimina...
Rosetta Stone
Twitter board member Todd Chaffee forecast that the company could profit from e-commerce, noting that users may want to buy items directly from Twitter since it already provides product recommendations and promotions.
Commented Nov 19, 2011 on The most telling chart I have seen in a long time at Dani Rodrik's weblog
The most telling chart I have seen in a long time
The Inter-American Development Bank’s new study, The Age of Productivity is a trove of neat information on productivity performance in Latin America. My favorite nugget is this one: Ignore the intermediate period of debt crisis (1975-90) and focus on the differences between the periods of imp...
Rosetta Stone
Twitter raised over US$57 million from venture capitalist growth funding, although exact numbers are not publicly disclosed. Twitter's first A round of funding was for an undisclosed amount that is rumored to have been between $1 million and $5 million.
Commented Nov 19, 2011 on Some fallacies never die at Dani Rodrik's weblog
Some fallacies never die
My previous post on the comparative merits of import substitution (ISI) and the Washington Consensus (WC) has resuscitated some counter-arguments that I thought had long been laid to rest. Three in particular: 1. “ISI was responsible for the debt crisis of the 1980s.” This confuses micro and ...
http://bit.ly/ubAjYJ
On September 7, 2011, Twitter announced that it has 100 million active users logging in at least once a month and 50 million active users every day.
Commented Nov 19, 2011 on More on Turkish politics at Dani Rodrik's weblog
More on Turkish politics
My latest on Turkey's ugly turn is here. The title is over-the-top, but it was the WSJ editorialists' choice, not mine. (And they got the caption underneath the picture on the online version badly wrong, as of this writing.)
Rosetta Stone
According to Quancast, twenty-seven million people in the US used Twitter as of September 3, 2009. Sixty-three percent of Twitter users are less than thirty-five years old; sixty percent of Twitter users are Caucasian, but a higher than average (compared to other Internet properties) are African American (sixteen percent) and Hispanic (eleven percent); fifty-eight percent of Twitter users have a total household income of at least $60,000.
Commented Nov 19, 2011 on The next big debate in financial reform at Dani Rodrik's weblog
The next big debate in financial reform
Now that we know the shape that regulatory reform is likely to take on both sides of the Atlantic, it is time to focus on the next big question: how do we deal with the differences in the European versus U.S. approaches to reform? You cannot ignore these since financial transactions will have ...
Rosetta Stone
According to Quancast, twenty-seven million people in the US used Twitter as of September 3, 2009. Sixty-three percent of Twitter users are less than thirty-five years old; sixty percent of Twitter users are Caucasian, but a higher than average (compared to other Internet properties) are African American (sixteen percent) and Hispanic (eleven percent); fifty-eight percent of Twitter users have a total household income of at least $60,000.
Commented Nov 19, 2011 on A debate on industrial policy at Dani Rodrik's weblog
A debate on industrial policy
In which Josh Lerner and I pretend to disagree.
According to a study by Sysomos in June 2009, women make up a slightly larger Twitter demographic than men — fifty-three percent over forty-seven percent. It also stated that five percent of users accounted for seventy-five percent of all activity, and that New York has the most Twitter users.
http://bit.ly/ubAjYJ
Commented Nov 19, 2011 on The market confidence bugaboo at Dani Rodrik's weblog
The market confidence bugaboo
A specter is haunting Europe – the spectre of “market confidence.” It may have been fear of communism that agitated governments when Karl Marx penned the opening line of his famous manifesto in 1848, but today it is the dread that market sentiment will turn against them and drive up the spreads...
Rosetta Stone Language
According to a study by Sysomos in June 2009, women make up a slightly larger Twitter demographic than men — fifty-three percent over forty-seven percent. It also stated that five percent of users accounted for seventy-five percent of all activity, and that New York has the most Twitter users.
Commented Nov 19, 2011 on The market confidence bugaboo at Dani Rodrik's weblog
The market confidence bugaboo
A specter is haunting Europe – the spectre of “market confidence.” It may have been fear of communism that agitated governments when Karl Marx penned the opening line of his famous manifesto in 1848, but today it is the dread that market sentiment will turn against them and drive up the spreads...
http://bit.ly/ubAjYJ
comScore attributes this to Twitter's "early adopter period" when the social network first gained popularity in business settings and news outlets attracting primarily older users. However, comScore as of late, has stated that Twitter has begun to "filter more into the mainstream", and "along with it came a culture of celebrity as Shaq, Britney Spears and Ashton Kutcher joined the ranks of the Twitterati."
Commented Nov 19, 2011 on The Myth of Authoritarian Growth at Dani Rodrik's weblog
The Myth of Authoritarian Growth
On a recent Saturday morning, several hundred pro-democracy activists congregated in a Moscow square to protest government restrictions on freedom of assembly. They held up signs reading “31,” in reference to Article 31 of the Russian constitution, which guarantees freedom of assembly. They were...
Rosetta Stone Language
According to comScore only eleven percent of Twitter's users are aged twelve to seventeen.
Commented Nov 19, 2011 on Who said economics is about forecasting the future? at Dani Rodrik's weblog
Who said economics is about forecasting the future?
Gideon Rachman of the FT wants to dethrone economists. I am all for it, but what grates in his article is the view that economics as a science is defined by its ability to forecast the future. No, it is not, and whoever said that is not very knowledgeable about economics as a discipline. Well, e...
Rosetta Stone Language
Twitter is mainly used by older adults who might not have used other social sites before Twitter, said Jeremiah Owyang, an industry analyst studying social media. "Adults are just catching up to what teens have been doing for years," he said.
Commented Nov 19, 2011 on Is Chinese mercantilism good or bad for poor nations? at Dani Rodrik's weblog
Is Chinese mercantilism good or bad for poor nations?
China’s trade balance is on course for another bumper surplus this year. Meanwhile, concern about the health of the US recovery continues to mount. Both developments suggest that China will be under renewed pressure to nudge its currency sharply upward. The conflict with the US may well come to...
Rosetta Stone Language
As of August 31, 2010, third-party Twitter applications are required to use OAuth, an authentication method that does not require users to enter their password into the authenticating application. Previously, the OAuth authentication method was optional,
Commented Nov 19, 2011 on (Some) economists’ topsy turvy world at Dani Rodrik's weblog
(Some) economists’ topsy turvy world
Spain, where unemployment has risen to 20% and domestic demand has yet to recover, has just approved a labor reform law that makes it easier for employers to dismiss workers. I hope someone from the IMF or OECD -- the two institutions responsible for convincing the Spaniards that such a reform i...
Rosetta Stone Languages
Tweetdeck, Salesforce.com, HootSuite, and Twitterfeed. Less than half of tweets are posted using the web user interface with most users using third-party applications (based on analysis of 500 million tweets by Sysomos).
Commented Nov 19, 2011 on The craziness in Turkey reaches new heights at Dani Rodrik's weblog
The craziness in Turkey reaches new heights
A renowned Turkish police investigator, Hanefi Avci, is behind bars today, accused of having collaborated with a violent revolutionary organization. The charges make as much sense as Winston Churchill having been an undercover operative for Stalin. To anyone but the most jaundiced observer, Avc...
Rosetta Stone Languages
There are numerous tools for adding content, monitoring content and conversations including Twitvid (video sharing),
Commented Nov 19, 2011 on Growth reducing structural change at Dani Rodrik's weblog
Growth reducing structural change
I have been doing some work on the relationship between structural change and economic growth in different parts of the world, and some of the early results are too striking to wait for the paper to come out. Here is a chart that provides a key insight on why Latin America has done worse than As...
Rosetta Stone Languages
In March 2009, a Nielsen.com blog ranked Twitter as the fastest-growing website in the Member Communities category for February 2009. Twitter had annual growth of 1,382 percent, increasing from 475,000 unique visitors in February 2008 to 7 million in February 2009. It was followed by Zimbio with a 240 percent increase, and Facebook with a 228 percent increase.
Commented Nov 19, 2011 on An update on Turkey's legal machinations at Dani Rodrik's weblog
An update on Turkey's legal machinations
To an empiricist, the hardest thing to understand is how people can continue to believe things that are patently false. This has been a source of great frustration ever since I got involved in one of the landmark court cases going in Turkey. The liberal intelligentsia, the prosecutors, much of...
Rosetta Stone Languages
Daily user estimates vary as the company does not publish statistics on active accounts. A February 2009 Compete.com blog entry ranked Twitter as the third most used social network based on their count of 6 million unique monthly visitors and 55 million monthly visits.
Commented Nov 19, 2011 on Erdoğan’s Choice at Dani Rodrik's weblog
Erdoğan’s Choice
“Turkish democracy is at a turning point,” Prime Minister Recep Tayyip Erdoğan announced after winning a crucial vote in a referendum to change Turkey’s constitution. “We are sitting an important exam.” Erdoğan is right, but it is he who must pass the test. If the plebiscite victory emboldens hi...
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