Why Twitter is right not to launch a video service

Reports by the Telegraph of an official Twitter video service have since been denied – and it’s definitely the right decision.

Video services have seen tremendous growth – but very few have made any money. Look at the example of Youtube, and the huge risks in terms of the costs of providing a video service, versus the potential ability to profit from it without a lot of hard work.

And how many video companies have either disappeared, or, in the most appropriate example, changed direction significantly – Seesmic was purely a video service before moving into the Twitter client arena.

And when Biz Stone replied to Mashable’s enquiries, it made it clear:

‘Haven’t read the piece but no video hosting. 140 characters of text including spaces. You know the drill!’