An $18 billion valuation for a company with dramatically accelerating losses, currently at the rate of over $20M per month. What could possibly go wrong there?
Twitter 2007: Who wants to post status messages which are limited to 140 characters<p>Twitter 2010: Who wants to invest in a company which limits status messages to 140 characters<p>Twitter 2013: Who thinks $26/share is a viable price for a company which limits what people say to 140 characters, has no photo albums, events and all of facebook's features (hint: Twitter is not Facebook)
The market conditions this past week or so have been rough on tech stocks. I'm sure it's not what Twitter management would consider ideal, but pulling an IPO is a very drastic move. As is, anything could happen tomorrow.
I'm anticipating a fall to the more realistic $14 immediately after open, similar to FB.<p>What I'm actually doing is something completely illogical.
Twitter IPOs at $26/share with 700 million shares. Facebook ipo'ed at $38/share with 2.55 billion shares. Mathematically, Twitter's IPO is about 1/4 the value of Facebook.<p>Twitter has 200 million active users
Facebook has 1.15 billion active users<p>I don't think twitter is worth 1/5 the market cap of Facebook. It doesn't have photo albums, groups, calendars, events that facebook does, and twitter still has a long way to go for mobile. Most of my friends uses a third party tweet client (like tweetbot) and don't even have twitter's app installed.<p>Therefore, I think Twitter is very much overpriced. Did I miss something?<p><a href="https://blog.twitter.com/2013/celebrating-twitter7" rel="nofollow">https://blog.twitter.com/2013/celebrating-twitter7</a>
<a href="http://thenextweb.com/facebook/2013/07/24/facebook-users-q2-2013/" rel="nofollow">http://thenextweb.com/facebook/2013/07/24/facebook-users-q2-...</a>