If you somehow missed the news, Twitter recently triggered an earthquake for the third-party developers who have built businesses on the back of the social network’s phenomenal success. In short, Twitter signalled that most of these third-party services would soon get some new competition. From Twitter.
The move was foreshadowed in a searing blog post by Union Square Ventures VC and Twitter investor Fred Wilson, who chastised these third-party developers for “filling holes in the Twitter product” rather than building killer apps.
In the video below, Loren Feldman from 138media delivers the unvarnished version as he sees it (as always).