Stupid Twitter (TWTR) making the market slump

7 Nov

Today, Twitter made its IPO appearance.  Unbelievable, how people are snapping up shares for $45 to 50.  This is a $20 premium above target price.  Anyways, I’m not a fan of twitter and I’m not certainly going to pay a hefty price for them.  I was going to pick up some shares for around $25 for fun, but not today for sure!  We’ll see how the price will turn out in the upcoming weeks. Those underwriters have the first dips to those shares and making a KILLING.

Anyways, all my American stocks are slumping today.  Most of the attention is on Twitter as people are pulling from other stocks to put money into Twitter??  Yes, they have millions and millions of people using Twitter.  Even I am a registered user.  I hardly see any advertisements on there.  How do they really make money?  Are they even turning a profit at the moment?  To value a techy stock like this at $25 billion is over shooting it.

Don’t buy into the hype.  But hey if you think you can make a profit, then by all means go for it.

I think the prices will go down in the weeks, months to come..  Will it be a similar story like how Facebook IPO’d??  Facebook traded high up, then traded in a downward trend for a good year, before coming back up.  Maybe patience is key to this game.  Wait for an opportune time to jump in and hope that it’ll go up!

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4 Responses to “Stupid Twitter (TWTR) making the market slump”

  1. Liquid November 7, 2013 at 2.33 #

    I wouldn’t mind paying around with some shares around $25 either. But for now most of the current price is due to speculation and hype. Twitter had a record loss of $64.6 million last quarter lol. Who knows when they will turn a profit 😕 They make some revenue by promoted tweets, but their platform is not as lucrative as Facebook’s. A lot of technology funds buy TWTR because it’s still one of the few ways to invest in social media.

    • agentfang November 7, 2013 at 2.33 #

      Haha, how can they have a loss of $64.6 million? That’s ridiculous. Paying top salaries to their employees and fancy office space?

      Facebook vs Twitter. Facebook wins for sure. There’s so many layers to it to bring users back over and over again. Twitter is just one dimensional and I wouldn’t bank on it long term. Will it still be around a decade from now? Trends and technologies are moving at fast pace. Fads too. You need to pick companies that are there to stick around for ages to come.

  2. Alex Yang (@yyangalex) November 7, 2013 at 2.33 #

    Twitter is a news delivery tool used by business world. FB is a tool used for entertainment. would i go crazy if FB disappeared tmrw? probably not. but if Twitter goes away tmrw, i dont know where i’d get my breaking news …

    • agentfang November 7, 2013 at 2.33 #

      Oh I need to follow less PF tweeters… Always get the same feed lol. Who do you like to follow?

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