Quote:
Originally Posted by Rochard
They didn't make a billion dollars or even $100m last quarter:
http://news.yahoo.com/s/ap/20110210/...uisition_talks
2010 revenue was $45 million for the year - and they lost money.
A company that only makes $45 mil in a year and in fact loses money is worth ten billion? Put down the fucking crack pipe. |
When I say the largest site in the world, who do you think I'm talking about?
And Twitter, is worth that, the price is based on the amount of active users. A user that is active has a value - and Twitter's user value has increased per user year over year. Thus - it's worth money - even more so when they've hardly done any type of monetization.
Again, the value of twitter is in the user account data. It has nothing to do with revenue, some people are good at building services - others are good at making it turn a profit. Either way, it still has extreme value.