I guess nobody told Facebook that we were in a recession because they are on pace to make over a billion dollars this year.

This just goes to show you that the old formula:

Good Product + Bulk Pageviews + Advertising = Revenue

Remember when people used to say that Facebook would never make money? Remember when they said that about YouTube? Twitter? Well, Facebook is already rolling in dough, despite being a place where people allegedly hate seeing ads. YouTube is the next big frontier for Google Ads and is already raking in dough. My guess is that as long as Twitter can stay a "Good Product" despite opposition from Google and Facebook, it will find it's way to big revenue as well. Of course, that's a big "if."

Just because it may take longer to get your product to catch on or to implement the best advertising system doesn't mean that it's any less viable to support your site on ads alone. Of course, just because it's possible doesn't make it easy, and that's the rub! [ReadWriteWeb]