London is staking its claim as the Twitter capital of the world as a flock of local start-ups ride the communications network's huge wave of growth. While it is the toast of its native Silicon Valley in California, London boasts more Twitter users than any other city in the world.
[...] Even though Twitter itself is yet to generate any revenue, early-stage investors are pouring millions of pounds into small companies in the Twitter "ecosystem" in the London area.
London has produced the most popular of the many third-party tools used to post to Twitter, called Tweetdeck. Reading's Tweetmeme , which tracks the most popular news stories discussed on Twitter, is attracting millions of visitors a month while Twitterfeed, based in Tooting, is used by thousands of publishers to post their latest headlines on to the site.
"In the UK we've got a real phenomenon going on," says John Borthwick, the British-born chief executive of Betaworks , a New York company that has invested in Tweetdeck, Twitterfeed and Twitter itself. Just as Scandinavia took an early lead in mobile technology, "the UK has become fast-forward in terms of social", thanks to high broadband penetration.
[...] Saul Klein of TAG and Index Ventures, which also backed Skype , sees Twitter as part of a more fundamental shift in the internet to being a "live experience" rather than serving static web-pages. "The web has gone through three major phases," he says. "The first was publishing. The second was more personalised and social. What we are seeing now is the growth of real-time services, such as status updates and microblogging. The way you find value from that is fundamentally different to anything we've seen before."
Pretty good feature by Tim Bradshaw at the FT.
I've highlighted elements that caught my attention - there's much more in Tim's full story at FT.com.
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