You know…….If I was currently the CEO of one of the largest social media sites on the planet, I’d likely want to take my company public too. I mean why not right? You and your original investor base, board of directors, underwriters/bankers , family and friends, all made “multi millionaires” – practically overnight.
It’s a fantastic achievement, and an incredible opportunity for those so fortunate as to take advantage. During the internet craze of 2000 I too was encouraged to take my company public – but just couldn’t get through the paperwork / logistics etc…..
So here we are on the cusp of yet another “awesome internet offering” at a time / place where I for one am just a “tiny bit skeptical”.
Twitter has yet to turn a profit.
Of course I understand the model / internet / eyeballs / projections etc……but to be frank, and as an investor – the company evaluation looking like 23 – 25 dollars per share. No profits.
Could these guys be “even smarter” than you think?
Could Twitter’s I.P.O mark the top?
Food for thought people………I’m not involved.
Open’s 25 rips to 40…….then tanks to 12.50?
Sounds about right to me.