Is Twitter overvalued at its IPO?
landon 18 weeks ago
Twitter is a company that has never earned a single dollar in profit, as far as I know. Yet it priced its IPO at $26 per share, and as I type this just prior to the close of the market on Day 1, it is at $45.04. Is this a realistic value for Twitter? That’s a P/E ratio of something like 25 to 1.
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