I was listening to Biz Stone (a founder of Twitter) talk on the Colbert Report about the fact their social network has no business model yet. He made an interesting point that totally made a light bulb go off in my head: there is a difference between value and profit. Right now Twitter is building value, the profit will come later.
What are your thoughts on this? Shouldn't there be at least some plan for profit, no matter how valuable your product is?
That's the issue with newspapers right now. The product is valuable, but online, you can't make money off it. The value doesn't necessarily guarantee profit.
Does that mean news online isn't valuable? Or maybe we're just looking for profit in the wrong places. Thoughts?