Happy days are here again! Or are they? It seems like deja vu all over again in San Francisco circa 1999, except that it’s really 2013. A frothy tech IPO by a company losing millions of dollars. In this case, it’s Twitter, our beloved microblogging platform that has always been about utility, one-liners and eyewitnesses at the scene of breaking news. While the original founders never thought much about the business model, the startup finally started to bring in money with Promoted Tweets and Promoted Trends and is now pushing into partnerships with TV and hired Vivian Schiller as head of news. But is all that enough to value the company at $25 billion or more? The stock was priced at $26 a share, then went on the market at $45.10, but now sits a day later at $41.28. What do you think the real value of Twitter’s stock is? Is it a great long-term buy? A dog? Vote in our poll and share your thoughts in the comments below. For an astute conversation about Twitter’s prospects with Reuters’ Felix Salmon, check out this week’s Mediatwits podcast.Related
Twitter reaches for the sky with its initial public offering. Twitter HQ photo by Steve Rhodes via Flickr.
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