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You can't have a bubble at these valuations. Twitter may be a little frothy, but the industry is nowhere near exuberant.
by steveplace 17y ago
You can't have a bubble at these valuations. Twitter may be a little frothy, but the industry is nowhere near exuberant.
- condor 17y agobased on what? we have a sense of prices, but how is the underlying value measured?
- steveplace 17y agoWe've got only a handful of companies right now at WTF valuations. That is not indicative of some irrational exuberance.
- andreyf 17y agoGood point. I don't get that sense about the rest of the industry (as much), but twitter seems like a good example of a company which is "breaking the heuristics" - they got wildly popular via SXSW, which has many influential minds, but also hugely inflates the growth-to-usefulness ratio. They used that bump to raise enough money to do enough PR to get Oprah and half of Hollywood on board. This let them continue growing until this coming valuation. Throughout, they've struggled technically, leaked documents, and just haven't polished their UX enough. Facebook and Google, on the other hand, have been growing out of being useful to their users, with no comparable technical issues (I'm hoping the FriendFeed acquisition does some good things for Facebook's architecture).
- TrevorJ 17y agoYou really think Twitter is worth one billion dollars? Why?
- steveplace 17y agoProbably not. I don't particularly care about a single company, but they are not going to mark the end of a bubble. It might be the beginning, but we have yet to see sentiment and valuations that would lead me to believe that a crash in tech is coming soon.