biz stone

Top 10 quotes from Brainstorm Tech


From Pattie Sellers' Postcards column: Our 10 favorites from the mouths of media moguls, tech titans, Tweeters and more.

Virality is virility


by Patricia Sellers

On Tuesday night, during a dinner conversation about the growth of Facebook and the potential of Twitter, I tossed out a phrase that I can”t get out of my head these past three days at FortuneBrainstorm Tech in California. The conversation was with a dozen or so Silicon Valley execs, from companies like Google (GOOG) and eBay (EBAY) and Palm (PALM), and they were noting that Twitter hasn’t invested much in talent — given its global prominence as a communications platform and its need to become a sustainable profit-making company.

So what, it doesn’t matter, said one smart executive at the dinner, contending that “virality” will propel Twitter’s success, at least for a while. “Virality is virility,” I replied. More in Pattie Sellers’ Postcards blog.

One-on-one with Twitter's Stone


Biz Stone says site soon will launch "Twitter 101" for corporations 

In an interview that was alternately irreverent and earnest, Twitter co-founder Biz Stone on Thursday said he expects the company this year will reveal its plans making money. He also noted that Twitter still does not have a head of sales.

Stone said the public’s infatuation on Twitter making money was like a “nice loving mom who wants make sure you’re eating.” But Twitter, which he said will always be free, also wants to make a profit while still being a force for good. He doesn’t think the two goals are mutually exclusive.

“We want to have a real positive impact on the world,” he said at Fortune’s Brainstorm TECH conference. “The only way we can do that is to make tons and tons of money.”

Stone noted that one of the major things that put Twitter on the map this year was newsworthy events, such as the election, the protests in Iran, and the Mumbai terrorist attacks. But the high level of awareness from the public about Twitter doesn’t necessarily mean engagement with the product, and he said the company would be addressing that over the coming weeks and months.

Stone also responded to questions about a recent security breach when hacked internal financial documents appeared on the Internet.

“The documents were thought exercises more than anything else,” he said. “The takeaway is that we’re thinking long term and thinking big.”

He declined to comment on whether Twitter would sue or if the FBI is involved.

Stone also noted that Twitter will be launching an educational sub-site for companies, “Twitter 101,” either today or Friday.

The company has grown to 55 employees, but Stone said that it still has a lot of growing to do.

“We’re a two-year-old company,” he said, adding that they don't want to be like that childhood actor "who grew up all freaky. We want to be like Ron Howard.”

CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
On Brainstorm's radar
CompanyPrice% Change
Kelly Services Inc 11.31 10.23%
Terex Corp 20.95 9.06%
Alcoa Inc 15.79 8.30%
BlueLinx Holdings Inc 3.35 7.37%
Dec 21 3:53pm ET †
IndexLast% Change
Dow Jones10,414.140.83%
Nasdaq2,237.661.17%
S&P 5001,114.051.05%
10yr97 16/32Yield: 3.67%
Dec 21 5:16pm ET †
CompanyPrice% Change
LSI Corp 5.97 6.42%
SanDisk Corp 26.64 6.22%
Micron Technology Inc 9.29 5.75%
Advanced Micro Devices Inc 9.52 5.19%
Dec 21 3:58pm ET †
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer
Powered by WordPress.com VIP.