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Twitter was wise to walk away. Getting paid in inflated private Facebook stock is the same as not getting paid.
by snorkel 18y ago
Twitter was wise to walk away. Getting paid in inflated private Facebook stock is the same as not getting paid.
- ojbyrne 18y agoNot if you do your own discounting (like they did in the article - valuing the deal at $150 million). The complete lack of cash was probably a bigger stumbling block.
- jonknee 18y agoWe'll find out later if they were wise. If it can't be monetized they will get $0. That could very well be the same for Facebook though, it will be interesting to see how it works out.
- kirse 18y agoTwitter has plenty of room to continue growing, this is only the first of many offers they'll receive. Honestly, that deal is almost as bad as me starting some BS company, getting it valued at several billion by a few generous accountants, and then trying to "buy" a few companies with my inflated value. Basically there's really nothing of solid value in Facebook right now (especially given this economic situation), other than their hard assets in servers. Until Zuckerberg comes up with a business plan and turns a profit, I'm sticking to Facebook existing as just another social networking bubble.
- jonknee 18y agoI agree, but there's also nothing of solid value for Twitter. They don't even have the servers. It's two absurd unproven valuations talking to each other. Comedy gold!