Classic “buy me out” idea; they have absolutely no way of monetizing this service but claim: “Yes, we’re building a large-scale, device agnostic, message routing
system—that’s the technical core of Twitter and it has many applications”. MIT Review writes a very neutral article, of course the focus being on the technology. Essentially, a message online can be distributed to many users through their preferred choice of contact, i.e. cell, IM or email.
Update: I realized that this post is incomplete if I don’t preface these comments by saying you need to start reading The Black Swan before you scoff at how technologically shortsighted I am. I belong to the camp that is crying foul at this dotcom mania return. Last time it was about possibilities of the Internet, now it is about “I told you so”. However, history doesn’t determine if this is going to be a success or not. I don’t know. Read the book.