How In Hell is Twitter Worth 1 Billion?

Twitter recently took a $100 million investment, valuing the company at $1 billion. Twitter makes no money and has yet to figure out any kind of business model. And even if it does, it’s definitely not going to have revenue worthy of a $1 billion valuation anytime soon. I’d argue Twitter is another online fad that’s going to come and go. Oh NO he didnt… yes, I just did.

I think the guys at 37signals feel the same way.

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