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You have to ask yourself what _drove_ that initial valuation that you're now being "cheaply" That initial valuation was driven by the belief that they would be
by jusben1369 11y ago
You have to ask yourself what _drove_ that initial valuation that you're now being "cheaply" That initial valuation was driven by the belief that they would be aggressively adding new users. It wasn't based on them doing a great job of extracting a better profit from a fairly static install base.
- ibejoeb 11y agoI agree. I understand wall street is looking for massive user growth. That seems to be a wild misunderstanding of what Twitter is, though. I'm in the same camp as a few other commenters. It seems that Twitter's value is really in being a broadcast platform for big names. I don't think there is a viable contender out there. That population is finite, and "followers" can be passive consumers. I'm not sure that there is going to be much growth in the user base, and I think that's a natural property of twitter. I think it's still valuable and can be relevant for quite a long time.