Friday, February 13, 2009
There’s No Biz Like No Biz at Twitter! (And Will Google Swoop In Before It All Comes Crashing Down?)
Since BoomTown constantly called the $15 billion valuation of Facebook “insane” when Microsoft forked over $240 million in 2007, and gave Slide’s Max Levchin a very hard time when his widget company got a $550 million valuation a year ago, it’s only fair that I say something equally appropriate about Twitter.
The hot microblogging service just got its very own $250 million valuation, but without a dime of revenue in sight. (I know, Bijan, it’s coming, it’s coming!)
After all, Facebook and Slide got their funding in boom times and here we are hurtling toward a possible Depression: The Sequel.
But I am torn.
