Google Announces Search Engine Deal with Twitter!
Just one day after the Microsoft announcement of Bing adding Twitter to its search engine, Google has stepped on the same stage by announcing that they’re about to do the same exact thing.
From the Google blog:
“Given this new type of information and its value to search, we are very excited to announce that we have reached an agreement with Twitter to include their updates in our search results. We believe that our search results and user experience will greatly benefit from the inclusion of this up-to-the-minute data, and we look forward to having a product that showcases how tweets can make search better in the coming months. That way, the next time you search for something that can be aided by a real-time observation, say, snow conditions at your favorite ski resort; you’ll find tweets from other users who are there and sharing the latest and greatest information.”
For Twitter this is a huge day that marks an extremely significant validation of its business, since two weeks ago, it was rumored that the company was working on search engine deals worth “several million dollars,” and today, they quickly delivered, by partnering with Microsoft and Google, the two biggest players in the game, and with new funding of $100 million in the bank and both Google and Microsoft implementing tweets in search, it looks like Twitter will be a player for a long time to come.
Twitter News Alert! Twitter to Raise $100 Million in New Funding!
That’s right! $100 Million in funding based on a recent valuation of $1 Billion for the wildly popular micro-blogging platform, in spite of the fact Twitter has yet to implement a revenue model, although potential revenue streams are being developed as part of a model under work.
WSJ – Breaking News: Twitter to Raise $100 Million from Insight, T. Rowe Price, and Other Investors
Mashable – WOW: Twitter to Raise $100 Million in New Funding
Twitter Continues to Build Top Management Team!
Twitter has been actively working on building a top-line management team of very experienced professionals at building large scalable operations, probably the most critical component for Entrepreneurs to address as part of their business growth strategies, and most recently Twitter has recruited Dick Costello, former Google exec and the cofounder and CEO of RSS service Feedburner, to be Twitter’s new chief operating officer. Keep in mind that Twitter’s Evan Williams was previously at Google for several months after Google’s Blogger acquisition, and Costello is also an early investor in Twitter. Costello, who sold Feedburner to Google for approximately $100 million should be able to help Twitter as it continues to grow its capacity and infrastructure to be able to handle the demands that have plagued them as of lately.
This news is significant because the management team is such a critical component of the formula for developing and maintaining a highly successful business or organization.
Oh, RSS Is Definitely Dead Now: Feedburner CEO Dick Costolo to Become Twitter COO