3 ms·
Bottom line: this company is extremely overvalued at the moment. It may or may not grow into that valuation, but for the next several years, it will be nothing
by downandout 13y ago
Bottom line: this company is extremely overvalued at the moment. It may or may not grow into that valuation, but for the next several years, it will be nothing more than a speculative play. The fact that the company priced itself at a much lower valuation shows how irrational the current market value is.
- icebraining 13y agoIf you can't tell if it'll grow into the valuation, you can't really claim it's overvalued. The fact that you (or the company) don't see reasons to value it so high doesn't make it true. Besides, there's no reason to believe that Twitter itself choose the price based on their own valuation of the company.