Wednesday, March 2, 2011

The Social Net

To me it's another pump and dump. No way FB and Twitter are even worth that much. Their valuations (and reputations for impacting world events) are based on a user base that you cannot even prove is real. They will make money though, they've pump and dumped stuff before.

On Wed, Mar 2, 2011 at 8:15 PM, BTN wrote:
After the impact that Twitter had on the riots in the Arab world, JP Morgan decided to splash circa $350M on Twitter. Go figure. They probably didn't want to be outshined by Goldman Sachs with their FB deal.

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