Twitter goes right after Facebook in its IPO filing

Twitter argues that the web has shifted from web browsers to web portals to search engines to social networks—and, now, to something else. And, of course, that something is Twitter. The company describes itself as “public,” “real-time,” “conversational,” and “distributed,” and says those characteristics define this new era.

Twitter is a dynamic communications tool, a network built on interests rather than friends. Facebook is a personal directory that chugs along and predominates like the old Microsoft. Twitter is open and inherently mobile, Facebook is closed and adapting to mobile.

Both Facebook and Twitter aren’t going anywhere but which one is more important?

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By Wells Baum

Wells Baum is a daily blogger who writes about Life & Arts. He's also the author of and four books.