I read this evening that Twitter intends to float on the stock exchange, they reckon that the price will be $10 billion, that's an 18X multiple on revenue which I suppose isn't too outrageous bearing in mind the eyeballs it attracts today and the sheer scale of the global mind-share it has. I won't be investing though as I think their business model is unrealistic, the amount they charge for access to their data and the channel model they've opted for seem too much like hard work for potential business consumers like me. I reckon unless they crack the commercial market and diversify quickly others will eat into their share of the personal micro-blogging scene driving their value down, for this reason I'm out! (like they care :)
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