lol @ twtter ipo what a joke the stock market is
I think Twitter's valuation will be proven, eventually. Twitter is a great (ie, useful) platform that likely has staying power. Much more proven than SnapChat, and targeting a stickier userbase too (ie, twitter is professionally useful and has a wide demographic). Because it doesn't make money now is not all that relevant. They'll figure out how to monetize it. People were lambasting Facebook's $10B private-market valuation pre-IPO, when they had almost no revenue, and now those prices would be a fantastic deal.