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LIVE: Twitter IPO

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Re: LIVE: Twitter IPO

#2
The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on.

Still, I'd be cautious.

Re: LIVE: Twitter IPO

#4
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

Biggest thing to remember is that this is an exit, the end for the early investors. As far as I'm concerned, that's all it is. To me, in a lot of ways, this is the "end" of Twitter (not as a company, necessarily) in the sense that everything changes now. All of the details of their financials are going to be exposed from here on out, for better or worse. It's no longer about just user acquisition, it's about making money to satisfy the many more shareholders that they are about to get. It'll be interesting to watch!

Re: LIVE: Twitter IPO

#5
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

I thought they where profitable?

Re: LIVE: Twitter IPO

#6
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

Never been profitable maybe, but it has certainly made money

Re: LIVE: Twitter IPO

#7
I know lots of people are against twitter because they're not yet making any money.

The thing about market prices on any market is that the price doesn't reflect what they're doing now. This isn't something thats 'different', it applies to everyone. It reflects what we all perceive they're capable of a couple of years from now.

I think twitter has a lot of potential because its something so simple and you would find an older audience more engaged in it. Quite simply put, people love it.

Re: LIVE: Twitter IPO

#8
post #5
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

I thought they where profitable?

No, never.

Re: LIVE: Twitter IPO

#9
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

Yeah that just seems crazy to me. Someone's going to make money, though...

EDIT: Wow! Who are the people buying this at $49 a share?!

Re: LIVE: Twitter IPO

#10
post #2

The indicative $45-47 opening price finally convinced me of getting out of (tech) stocks in general. We're talking about $20B valuation for a company which has never made money. I know "this is different", and it has a lot of users, and so on. Still, I'd be cautious.

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