TWITTER IS A BUBBLE STOCK!
* TWITTER IS A BUBBLE STOCK!
Look!
Jeff Eats is no expert on social-media stuff…but what I do know is that TWITTER which is currently trading at- NYSE: TWTR: $74.25 is a bubble stock.
Twitter went public on November 7, 2013 at $25 a share.
Right now, the “MARKET” is giving Twitter the same market capitalization (roughly-$42 billion) as companies like Target, FedEx who both gross and net a fortune of money. Twitter on the other hand-has to date, never netted-one single red cent.
Buying Twitter at $74.25 is an absolute sucker’s bet.
It doesn’t take some 64 year-old “food blogger” who is basically computer illiterate to know that—Twitter’s stock is a bubble just waiting to be popped.
Let’s see!
Jeff,
This morning Bloomberg and CNBC have been talking about the over-valuation. Right now Twitter is trading at $67.70. Have to agree with you, even with its social media credentials the current market value is absurd. probably worth probably closer to $30.
jeff, twtr, fb, yelp, lnkd, are all bubble stocks. tsla is a huge bubble waiting to bust. people who are getting into these stock now are going to get killed when the bubble breaks and it will. its not a question of if but when.
Hey Jeff, how low do you think twtr goes? Right now I’m getting a quote of $66.94.
im seeing $65.17 right now.
twtr will gyrate all over, but it’s so overpriced that it makes absolutely no sense.
Jeff,
I just took a look at TWTR and it’s at $58.60. That’s some fall from the $74.25 you mentioned a few days ago. I agree they have no physical assets and vastly overpriced.
Right now twitter is selling for 30.14.
Good call.
I heard a rumor that Google wants to acquire Twitter.