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Originally Posted by Atticus
I disagree on this one. When I first heard of Twitter I thought it was ridiculous. However after playing around with it for a bit and seeing what major companies are doing with it you can definitely see the potential.
Twitter is made for business while Facebook is perfect for individuals, seeing what people are up to, viewing pics etc. The difference is Twitter has the solid potential to make big $$. Once they start charging for business services they have a solid reveenue stream. Facebook has yet to figure it out and although I think it will remain popular I can see Twitter surpassing it.
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Twitter will be to Facebook what Flickr is to Youtube.
One will be a mainstream top 5 site, and one will be a top 100 site with a decent following, particularly in the tech crowd. Twitter could change fortunes but they are innovating so painfully slow, and their growth has already stunted. In the mean time Facebook is in all out attack mode against Twitter. Updated news-stream, roll out of proper real time search engine, the "everyone button" on status updates, vanity URLs, etc. It won't take long.
If you want to see it for yourself do this. Type in a celebrity, product, band or whatevers name in Google and find their Twitter page and count their followers. Than repeat the process but check their Facebook page. In almost every case (with a few rare exceptions) Facebook absolutely stomps Twitter in the number of followers - and why wouldn't they, Facebook has mainstream appeal and numbers. Not to mention that Facebook has a renewed focus on these pages and public profiles recently so you can expect their popularity and utility to spike even more and in turn dwarf Twitter's.
Twitter has a lot of work to do if it wants to grow up and be mainstream, but the pace at which they are adding value to their service is really very slow in comparison to their competition, mostly because they don't want to alienate their base. Facebook has obviously set a course (and for obvious reasons, they want to own real time search and the social search market) and to be honest I don't see Twitter stopping them. Twitter will have some utility, but unless it starts moving fast it will stagnate (as it already had last month). Facebook is simply a shitload bigger, innovating/adding features a hell of a lot faster and they have set their targets on Twitter. At this rate Twitter will never ever compete on Facebook's level.