"We are spending our time trying to create the best technology and product for as many users as possible. That's where all our value is going to come from."
--Twitter CEO Evan Williams in "Twitter hits tweenhood" in the new issue of Fortune, on newsstands next week and Fortune.com today. Having attracted more than $150 million in venture capital (and 55 million unique visitors monthly), Twitter has outpaced Google (GOOG) in money-raising...with meaningless revenues to show for it. But for this feat and for quickly building the communications platform into a global phenomenon, Fortune puts Williams and co-founder Biz Stone at No. 5 on its just-released 40 Under 40 list.
"I don't think you're going to have those anymore. Bigness isn't that great an asset anymore."
-- Tom Freston, former Viacom (VIAB) CEO, in a Reuters story about the waning influence of media moguls. These titans are being upstaged by the darlings of digital, like Facebook's Marc Zuckerberg and Twitter's Evan Williams. Old and new media alike are gathered this week at the Allen & Co. media summit in Sun Valley, MOREJessica Shambora, Writer-Reporter - Jul 9, 2009 6:27 PM ET
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