Twitter’s Billion Dollar Valuation Brings Out Mixed Emotions
News started breaking last week that Twitter have 50MM committed in the recent round of funding. It wasn’t until the dust settled and hype peaked that we found out they raised over 100MM on a billion dollar +++ valuation. Whoa!
Now, wherever you stand on this, you can’t deny it’s big news.
Jason Fried, of 37 Signals, reacted by mocking Twitter with his own inflated valuation.
Other influencers felt as if this deal is resurrecting everything wrong with Silicon Valley pre-bubble.
I say it’s good news for this economy. With that kind of fundraising power, and Twitter’s not-so-secret desire to become the pulse of the planet, the race between Facebook and Twitter is going to get very interesting.
Some people aren’t comfortable with the growing comparisons of Twitter and Facebook despite their very similar traffic growth. Facebook has established revenues (and glimmers of profitability) where Twitter has experimental ideas on how to make money.
Either way, it is exciting to see and experience Twitter’s growth first hand. If you are not taking part in this media revolution, what are you doing???
2 Responses to “Twitter’s Billion Dollar Valuation Brings Out Mixed Emotions”
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Ya know? Yes. It is worth $1B – reason? Perceived value it provides to global society as a whole. I can think of far more worthless things that get billions of dollars thrown at them. Twitter is a universal messaging platform that supports and promotes a void that existed in mobile communication – wide-spread cross-platform short messaging. It’s not just a “stupid site” for geeks.
Curious what you think; is Twitter really worth a Billion Dollars? http://bit.ly/EAtCk