Twitter IPO
- Thread starter Rockslinger
- Start date
Best part is people saw a stock for a virtually bankrupt company with the stock name TWTR. It was at 5 cents and jumped over 600% by noon today due to people thinking it was already up.....
I remember the tech boom (when the Nasdaq was supposed to hit 6,000) and bust of the early 2000's. These companies are running on fume and hype.
They should have done what Google did on their IPO. Go the 'Dutch auction' route.
The way this thing was a few insiders got a big return because they were able to buy shares at the IPO price of $26. before trading even started.
People who bought today could see it fade all the way back to 26. or so in the next year once the glitter from the IPO party fades away.
The way this thing was a few insiders got a big return because they were able to buy shares at the IPO price of $26. before trading even started.
People who bought today could see it fade all the way back to 26. or so in the next year once the glitter from the IPO party fades away.
What happened to Twitter stock to-day is terrible news. It reminds me of the heyday of Nasdaq 2000 and the crash that followed.
I'm not sure. Techs have matured quite a lot after 10 years. The only way for economy to really grow is through technology, not real estate and banking.
See http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=LNKD-N
Linked in
704X PE
AVOID
Linked in
704X PE
AVOID
I got massacred when I was trying to short LinkedIn a few months back. Like you, I can't see any valid reason (other than hype), for the extreme PE ratios for LinkedIn, FB and Twitter. Off-topic, but can anyone explain how they make money? Is it strictly via advertising or some scheme whereby they make money through site traffic?
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