So it looks like Twitter has entered some rarefied air for sure. According to ReadWriteWeb [2] and TechCrunch [3] the micro-blogging juggernaut is moving into an exclusive club by securing a new round of funding ($50 million) based on a valuation of $1 billion (yup, it’s a b). No doubt, this will begin to stir the supporters and detractors alike. Unless we have ridiculously short memories or just think that this time will be different one has to wonder how a company that no one can figure out revenue wise can be valued at that much.
While I am not an analyst I did think about staying at a Holiday Inn Express over the past year so I qualify for jumping into the fray, right? Let’s hear what the RWW folks had to say first though, shall we?
Links:
[1] http://www.emailinstitute.com/marketing-pilgrim
[2] http://www.readwriteweb.com/archives/on_twitter_whats_valuation_got_to_do_with_revenue.php
[3] http://www.techcrunch.com/2009/09/16/source-insight-venture-partners-is-the-new-twitter-investor/
[4] http://www.emailinstitute.com/best-practices/facebook
[5] http://www.emailinstitute.com/best-practices/social-media
[6] http://www.emailinstitute.com/best-practices/twitter