louisgray.com: It's Twitter's World: The Second, Parallel, Internet
Regardless of whether you think Twitter is worth a billion dollars or a bazillion dollars, or think it's just Monopoly money, I can't help but think Twitter is running an end-around play on Google. While Google has the broadest horizontal index of pages, and is busy scouring an amazing mountain of sites to get their every word, Twitter, in a vertical approach, is getting the world's updates, and a similarly overwhelming number of links being shared.
via louisgray.com


