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Any chance their recent funding will help them stay alive?
you've hit it on the spot "But if there can be a way to separate Twitter-type conversation from the other aggregated content in FF, then Twitter will be in trouble." I believe of every company scaling in the 2.0 conversation space, FriendFeed is best qualified to offer this in the future.
http://twitter.scripting.com/spewage.html
How many followers does Scoble have on FF? How does it compare to the 25K he has on Twitter? Look at the numbers, they're huge.
But the numbers are not comparable right now so it is a leap to make the assumption that FF can already handled the throughput. The main false assumption is that everyone on Twitter is on FF and that is a giant chasm from the truth. There are many more people hammering the messaging service of Twitter and only a fraction of those individuals are being followed by someone in FF and having that data pulled into FF, never mind messaging against it.
The scale of what the two services are dealing with aren't comparable right now. Could be in the future.
'No serious startup (note startup, not big players) is going to build a system that doesn’t in some way provide them direct benefits going forward': interesting that you would write that on a blog powered by Wordpress.
That, said, I'll still use Friendfeed as well.
The risk for this kind of service is to stay dependant of the providers of feed and to not be used as a primary content producer. What wuld make someone change from Twitter to FriendFeed if he can put his Twitter onf FF. Twitter has the unbeatable advantage to be the first of this market, and is already implemented in a lot of others network (MySpace, Facebook,...). It is surely its weakness (a bunch of request every second) but as surely its strengh because all runners will have to run very fast if they want to catch the train before it leaves defintively...