Twitter doubts

Time once again for Allen & Co.'s media fest in Sun Valley, Idaho, where IAC Chairman Barry Diller apparently expressed pessimism about Twitter's prospects for making money. I say "apparently" because the event was closed to the working press, and reporters were stuck confirming comments from New Yorker writer Ken Auletta, who moderated the event. Liberty Media Chairman John Malone seemed to be in agreement with Diller, saying that he didn't think an advertising model made sense on Twitter. But he didn't rule out a subscription model. Evan Williams, CEO of Twitter, was in the audience, but didn't say anything. (Digits)

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: U-T leasing offices

Next story: Will SEC control IOUs?

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook