Twitter’s video deals mean it’s giving up on business model innovation

So says Ben Thompson in his newsletter today:

This is why Twitter’s increased focus on securing these video deals feels like such an admission of failure: the company is basically admitting that, despite the fact it contains some of the best content — given to it for free — in the world, it simply can’t figure out how to make that into a business, so instead it is (presumably) paying to create content that it can monetize more easily. The Bloomberg deal, which was first reported on Sunday, is particularly poignant on this point: Twitter is (again, presumably) paying for content about business and financial markets even as the most valuable business and financial market information is being posted for free on Twitter. That the company cannot build a business on that fact is certainly a disappointment.

You’ll have to subscribe to read the rest. For $100 a year, it’s worth it.

Meanwhile, some stats from Sara Fischer at Axios:

In total, Twitter has closed over 40 live stream partnerships around the world with sports leagues, media companies, etc. The company increased live programming by 60% last quarter and aired roughly 800 hours of live content reaching 45 million viewers. Of those hours, 51% were sports, 35% were news and politics, and 14% were entertainment. Above all, Twitter says 55% of its unique viewers are under the age of 25, a stat that directly competes with Snapchat’s coveted millennial demographic.

There’s also an extensive list of the video partnerships and shows to be broadcast in Twitter.

I was on The New Stack Analyst podcast today along with Nancy Gohring, one of the tech reports who’s work I’ve always enjoyed, and, of course, Alex Williams.

We discuss Nancy’s recent piece on Azure cloud seeming to grow faster than Amazon’s cloud, the problem with figuring comparisons like this out, some different scenarios for big cloud vendor success and failure based on where the packaged software market goes, and then DaaS and WaaS. The last is a topic I know less about than I’d like, but that never stops a analyst from talking about a topic…at length.

Pretty wide-ranging topics, but all trying to sort through what “IT” is becoming with all this cloud nonsense running around.

My connection was slow so I shut down my video. Enjoy milkman meets pie man.