Monday, December 30, 2013

Rise in Twitter’s Stock Reflects Exuberance in Silicon Valley - NYTimes.com

More TWTR adventures (down another ~6% so far this morning)
"“I just haven’t seen something like this in a long time,” said Robert S. Peck of SunTrust Robinson Humphrey, who had set a price target of $50 before the I.P.O. but cut his rating to hold two weeks ago when shares reached $59. “They don’t have earnings. They don’t have free cash flow.”
As Barron’s, an investment advisory publication, put it over the weekend, “At $45 billion, the company may have the highest market value of any firm that isn’t generating any earnings since the dot-com bubble of 1999-2000.”"
Rise in Twitter’s Stock Reflects Exuberance in Silicon Valley - NYTimes.com
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