Staggers me that Twitter is substantively shaping the fate of the most powerful nation in the world, but can't turn a profit.
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I've written up my 'too big to nail' theory of Twitter, but I think a pure economics view misses half the story us1.campaign-archive2.com/?u=78cbbb7f288
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The pure sociological view -- the narrative around trolls, abuse and community health in particular -- is also incomplete.
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The Fourth Estate never made much enduring profit either. (Defined narrowly, ignoring classifieds etc.)
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bs... there were several decades of solid, lazy profitability. Plenty of data on that.
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