"Google CEO Eric Schmidt appears to believe that Twitter will coin money someday. Google should buy Twitter even if it thinks Twitter will never make money, me

"Google CEO Eric Schmidt appears to believe that Twitter will coin money someday. Google should buy Twitter even if it thinks Twitter will never make money, merely as a way to get into the social-network business. But if Google thinks that Twitter will eventually bring home the bacon, then all the more reason to grab it." The opposite is also true. If Twitter will "switch on" revenue at some point in the near future perhaps it is better to wait and avoid paying at some insane pre-revenue valuation.