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If it turns out that a 17 billion dollar company is the pinnacle of irrational exuberance, when it remains a successful company at 3 billion dollars - for examp
by cloudjacker 10y ago
If it turns out that a 17 billion dollar company is the pinnacle of irrational exuberance, when it remains a successful company at 3 billion dollars - for example - then the capital enthusiasm for "tech 2.0" was never really there.
A reality though is that 17 billion is a drop in the bucket in US equities and you are overestimating the relevance of Twitter's market cap problems.
- leereeves 10y agoI don't mean "irrational exuberance", I mean irrational pricing. If Twitter is overvalued by 10x, some models for valuing established tech companies are way off.
- cloudjacker 10y agowell if they had figured it out, the road to 100 million market cap would be a quick one. Just competing views on speculation getting the existing market premium.