Twitter inc
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Transcript of Twitter inc
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@MichaelDhooge
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Introduction
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• social networking • microblogging service• enabling its users to
send and read messages
• called tweets• text-based posts of up
to 140 characters
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Twitter inc.
• Founded in 2006
• conceived as a mobile status update service
• easy way to keep in touch with people in your life
• left things open
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• People, organizations, and businesses
• Between ‘those cups of coffee’• people are witnessing accidents• organizing events• sharing links• breaking news• and so much more.
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• 110M tweets per day = 1200 tweets per second
• 1 TB per day 10 TB per day
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• 200M users• 5 new users
every second
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Description
• Public sector• Service• Activities: social media,
microblogging • Clients: 25-35years• Route to market: online, website• Competitors: Facebook • Plans for the future: 1 billion users
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Stakeholders
• Little interest, high power: – G8, EU
• High interest, little power: – Suppliers: software developers – Competitors: Facebook, Google
• Key players: – Employees– Users–Management–
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Pestel: Legal
• G8 leaders• welcomed the role of the net • providing economic growth and personal freedom,• but also warned of its threat to privacy and intellectual
property.
• "The internet is the greatest force for good in the world. We should not have premature regulation ahead of innovation. “
• Many internet bosses believe • governments are going to be unable technically • let alone legally• to control the internet as technology develops.
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Pestel: sociological
• There is already such a thing as the era of the attention crash and social network fatigue
• people have amplified voices • a powerful channel of peer-to-peer influence –
for better or for worse.
• new form of media and influence• transforming corporate communications,
traditional media• how people communicate with each other.
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Pestel: technological
• Internet is widespread• nearly everybody has acces• even in the economic crisis• tremendous growth • mobile internet (3G, 4G)• Real time social media
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Strengths
Weaknesses
Oppurtunities
Threats
SWOT
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Strengths
• Gets tons of publicity. Referred to in other media.
• Is a thing on its own (almost no competition in microblogging).
• It is simple but powerful.• It is free.• Has a strong brand name.• Has developers creating hundreds of
applications • It’s definitely not evil (yet). (cfr. google) • Businesses like it a lot.• It is real-time.• It is searchable.• It is the ultimate link discovering and sharing
tool.
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Weaknesses• Needs more horsepower. It is down quite
often.• Unequal distribution of tweets: 90%
of tweets are coming from the top 10% users.
• Has low retention rate: only 40%
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Opportunities
• It can become a dominant search engine.
• It is becoming the biggest social media marketing tool.
• It may become the dominant way for businesses to communicate with their customers.
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Threats• It got too much publicity in a short time. May get
burned out.• It is getting dangerously spammy.• Has no solid revenue model. • May have trouble with unauthorized accounts on
behalf of celebrities.• Facebook may get even more twitty and compete
face-to-face with Twitter in microblogging sphere.• Friendfeed and identi.ca may grow and steal
market share.
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Promotional mix
Platform
People
Participation Pro
motion
Community
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• Website
Platform
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• Users are ‘in control’• Want & can be heard• have to listen
People
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• Respond • Tell them you are listening
Participation
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• Based on WOM • Strong brand name
Promotion
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Five forces
Bargaining power of buyers
Bargaining power of suppliers
Competitive rivalry
The threat of new entrants
The threat of substitute products or services
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• Twitter users have set up their own rules of conduct
• self-governed by its members
• Companies ‘need to be on Twitter’
Bargaining power of buyers
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• interact with the service via software created by third parties.
• There are dozens of iPhone and BlackBerry applications.
• all created by enterprising amateur coders or small start-ups
Bargaining power of suppliers
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• No direct competitor (micro blogging)
• Strong competition from Facebook (social media)
Competitive rivalry
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• Bariers to entry are low • Easy to find investors • Twitter is not a complicated service
easy to copy
The threat of new entrants
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• Facebook is creating a lot of ‘Twitter-ish’ elements on it’s page.
• Google ‘+1’
The threat of substitute products or services
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Objectives
• pledged to boost its membership
• to 1 billion• (did not elaborate on a
timeframe)• compete with Facebook Inc.
in attracting advertisers.
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• Instantly useful • Highly mainstream • ‘shouldn’t think how to use Twitter’• Value for the users (Haiti)
instantsimplealways present (everywhere & on every device)
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Real time search engine
• Twitter is a more efficient supplier of the super-fresh Web than Google.
• If you're looking for interesting articles or sites devoted to Kobe Bryant, you search Google.
• If you're looking for interesting comments from your extended social network about the three-pointer Kobe just made 30 seconds ago, you go to Twitter.
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Thank you for your attention/
following me!
The end!