TWITTER VALUED AT £7 BILLION IN WAKE OF IPO – It is reported that Twitter is likely to float on the U.S Stock Exchange later this year with an estimated £7 Billion valuation.
I’m perplexed to see how and who comes up with these valuations. In a recent article, on Meebal.com – Twitter – How Many Twits Make Up Twitter? I failed to see the true usefulness of Twitter. In fact the article goes on to berate the use of such a meaningless service with messages of less than 140 characters that is making more and more of its users look like morons rather than experts on a particular subject.
For me, Twitter is a waste of time and effort, unless used for business purposes but even then one has to be extremely careful on how it is used.
It was recently reported in the news how Donald Trump set about belittling Lord Sugar and I have to say this makes Donald Trump a real Twitter Twit in my view. How can a successful and extremely wealthy businessman undertake such trivial and petty bating? Does Donald not realize what a total and utter moron this makes him look? It does, of course, take two to Tango and Lord Sugar’s responses were nothing more than childish – Donald and Alan – you really ought to be ashamed of yourselves!
I suppose if you are looking for publicity, and you are rich and famous, then simply put together a few idiotic tweets and hey presto you get a few more views and comments back.
Here’s a message for Donald Trump, Lord Sugar and all the other twitter morons out there –
“Better to keep your mouth shut and be presumed a fool, than open it and remove doubt.”
With that aside, is Twitter really worth £7 Billion? I guess with a reported user base exceeding 500 million then surely it has some worth, but will this end up being yet another disappointment in Internet Stock? Facebook on the day of opening took a severe beating and maybe if Twitter does float then investor might be far more skeptical and stand back to wait for the dust to settle before buying into the company.
As for me, I won’t be buying into Twitter, anymore than I did with Facebook. While I can see the usefulness to some aspects of their operations the rest of it is simply garbage. It’s just another forum that allows people to spout off about absolutely nothing and to bait or torment others – this is not something I consider a worthy investment and those who engage in such practices, such as Donald Trump are obviously sad little individuals who clearly do not have the intelligence to engage in an educated debate or simply have little else to do with their sad little lives.
£7 Billion? I’ll wait and see but I strongly suspect people will realize that Twitter is nothing more than a fad that will maybe last another 5 years before people finally wake up and realize its true face value – I even suspect Facebook could go the same way in the next 5 years.