Samuel Morse, the Telegraph, and Twitter

Investment banking firm JP Morgan Twitter, a surprising thought occurred to me will sink $ 450 million while reading about the recent headlines.

My idea was: "monetizing" the idea of man inherent need and desire to communicate with each other is a relatively new concept to. Think about it for a minute - the notion that a multi-billion dollar business can be built based on people sharing information, the date of at least 200 years ago. A drop in the bucket when you consider the length of time humans have roamed the earth.

Man always new and better ways to communicate with each other's felt compelled to find. In the early days the drums, conch shells, and smoke was indicated. Those methods, though limited in range and scope, has worked relatively well for thousands of years. Thankfully, the new and improved techniques for man's desire these forms of communication brought about the demise of crude oil.

Samuel Morse telegraph in the early 19th century with the invention can be the first to monetize the communication services. 1856, many companies the dots and dashes from town to town to visit the stars were making money.

Finally, the Telegraph wrote (ie Telegram) terms, a practice that until recently, when they finally find out that the demand for telegrams were almost nonexistent away many of the companies specialized in sending the message through.

AT & T's first billion-dollar long-distance communications business communications services made early on, mainly was. AT & T monopoly was finally demolished in 1980, but AT & T still almost every aspect of modern communications industry is making billions.

Fast forward to 2011 and in the Internet age, where billion dollar companies would seem to have been created overnight. Whole social media industry and a product of the past few years is based entirely on - you guessed it - we need to communicate with each other.


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