Twitter Prices IPO Above Estimates at $26 Per Share, Valuation Up to $18B

It really baffles me why the share price is reported as if it means anything at all on its own.

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?

In case you're curious, the lockup expiration will happen 180 days after IPO, or May 6, 2014. I already added a note to my calendar.

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&#x2F;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&#x27;s features (hint: Twitter is not Facebook)

The market conditions this past week or so have been rough on tech stocks. I&#x27;m sure it&#x27;s not what Twitter management would consider ideal, but pulling an IPO is a very drastic move. As is, anything could happen tomorrow.

I&#x27;m anticipating a fall to the more realistic $14 immediately after open, similar to FB.<p>What I&#x27;m actually doing is something completely illogical.

Twitter IPOs at $26&#x2F;share with 700 million shares. Facebook ipo&#x27;ed at $38&#x2F;share with 2.55 billion shares. Mathematically, Twitter&#x27;s IPO is about 1&#x2F;4 the value of Facebook.<p>Twitter has 200 million active users Facebook has 1.15 billion active users<p>I don&#x27;t think twitter is worth 1&#x2F;5 the market cap of Facebook. It doesn&#x27;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&#x27;t even have twitter&#x27;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:&#x2F;&#x2F;blog.twitter.com&#x2F;2013&#x2F;celebrating-twitter7</a> <a href="http://thenextweb.com/facebook/2013/07/24/facebook-users-q2-2013/" rel="nofollow">http:&#x2F;&#x2F;thenextweb.com&#x2F;facebook&#x2F;2013&#x2F;07&#x2F;24&#x2F;facebook-users-q2-...</a>