Last month there was a report saying that Twitter had officially been valued at more than $9bn following an offer to staff by asset management firm BlackRock. That provided a new valuation of the microblogging firm, which had previously been valued in the $8bn and $11bn ballpark. Nice park.
Last night the Wall Street Journal published a story where a writer spent a week trying to write a column “that proved Twitter wasn’t worth $10 billion”.
You can understand why. This is a company if you look at its current revenues isn’t a $10bn company, but everything else points to this being the case, which is why the writer gave up. Read More