I wonder how skewed this community is. Within the HN world there is a healthy skepticism about the value of Twitter, yet at the same time support for it, and everyone claims to be getting value from the service.<p>Outside of this bubble what I hear is that FB subsumed all of Twitter's features a year or two ago and they have abandoned their twitter accounts. Of course this is just my experience and may not be representative in the bigger picture, but having worked on a project that analyzed the various hoses from Twitter what I found was that when you eliminate spam and filter out all the people that tweet less than one every couple of days, the actual number of people using the service (at least for lang=EN) was dramatically lower than the accepted numbers. Possibly the growth is outside of the English speaking world.<p>Of course there is all the hype around Twitter saving kidnapped children in China and being behind revolutions in the Middle East, but I suspect these are news stories without much substance. Given that Egypt is 165 and China 105 in world literacy ranking (CIA world fact book) I seriously doubt that Twitter plays a role anywhere close to word-of-mouth communications.<p>That said, who knows what it's worth. If Twitter had come up with the "Like" idea and integrated that into its service before FB did then I might agree with the valuation, but in this economy he who holds the most ad-centric data, and who garners the most user eyeballs and time has the most potential to monetize. And right now that's FB.