Thursday, March 14, 2013

Social Media: "Amen" or "Hell No"

Amen, an internet start-up based in Berlin, has translated the idea of social media into a service even simpler than Twitter

Felix Petersen, one of the founders and Amen’s boss, is not much help to gauge the success of the service. “More than 3.5m posts” is the only number he is willing to reveal. Number of registered users? Daily activity? Growth rates? As most digital start-ups, the firm does not publish such statistics.

When it comes to making money, Amen’s plan is to mix the revenue models of Google and Twitter. At some point the firm intends to introduce advertising within its rankings—and may even allow users to vote on the companies that are paying their way into the charts. That could be a clever way to make advertising relevant for users. If the statement “Xyz has the best falafel ever” is not true, it will attract many a “hell no” and quickly disappear from the top of the list. Whether many advertisers will take the risk is another matter.