re: #254 Justanotherhuman

I was commenting on this just yesterday. Twitter, which has no history of profits, is now valued at more than $40 billion and it’s trading above $70. The IPO price was $26 and it opened at about $46.

There was crazy coin to be made on the stock, even though it hasn’t gotten into the black yet.

Facebook is in somewhat better territory financially. They’re making money on ad revenues and have monetized mobile devices faster than expected, after not having any revenue coming from that source.

Don’t think it’s quite a bubble, but the social media companies need to get back to fundamentals.

Others having issues include Groupon, which is also losing money at a prodigious rate.