Is Twitter worth 1 billion?
More on Twitter.
Over at Mashable, Ben Parr reported on some crazy Twitter facts, as the Web site enters its fifth round of funding. Ben says new estimates place Twitter's value at $1 billion. He also made five observations, pulled from the Private Equity Data Center:
1. According to PEDC’s numbers, the price of a single share of Twitter has increased by 239,619%, from a measly $0.00667 per share to a much stronger $15.9824.
2. Twitter’s $100 million round is over 1025 times the amount of money they raised in its very first round of funding. In July of 2007, Twitter raised $97,500.
3. In five rounds of funding, Twitter has raised an estimated $153 million (some peg it a few million dollars higher). Since the day of its initial round of funding, Twitter has been given an average of $187,356 per day by its investors.
4. Using that same time frame and its current $1 billion valuation, Twitter’s worth has grown by $1,223,990 per day. If you start with the day of Twitter’s inception (the first tweet from Twitter’s Inventor and Chairman, Jack Dorsey), then Twitter’s worth has grown by around $772,797 per day.
5. Twitter has yet to make a single cent in profit. We’ll let you be the judge of what that means. Let us know your thoughts in the comments.
Holy kaw indeed! Read the full article.
by @noelleee
Comments (11)
I'd say 1 billion for Twitter is reasonable; and that's what confuses the hell out of me.
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