Twitter goes public

Mike

New member
Jun 27, 2006
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On the firing line


Man I don't know how these tech companies get these valuations. Twitter isn't even profitable but its worth $50b? Me thinks were in a bubble.
 
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Man I don't know how these tech companies get these valuations. Twitter isn't even profitable but its worth $50b? Me thinks were in a bubble.

People are still madly impressed by large user bases/traffic because they're ignorant.

1. Build platform that engages the entire online world.
2. Harvest user information through signups/profiles.
3. Don't bother monetizing, that comes last.
4. Go public upon reaching critical mass.
5. Profit.
 
Twitter is worth the money. Facebook is doing fine.

They aren't gonna fall off like Myspace any time soon. The internet is finally maturing, and Twitter and FB are only gonna get more integrated with our every day lives.
 
For all it's trouble, Facebook is up 40% since it's IPO.

Twitter will be fine. Revenue growth is huge and profitability will come soon enough.
 
Anything with mass appeal works at a different level of economy than we do.

We are forced to search for profits.

Anything with true mass appeal will be worth a ton of money. Not because of advertising. But because the people who own the dollar printing press worry little about giving up fiat money in exchange for control and power over large segments of the population. You think the feds are going to let mass media go to their competitors like china for a fair value?
 
lol I think its funny when people buy ipo's on the first day. they do realize all the companies who bought the presale are just gaming them?