Is Twitter really worth $11 billion?
3rd Jan 2013 | 22:40
#bargain #ripoff #CBB
Twitter is reportedly preparing to go public in 2014, with one research firm already placing an $11 billion (UK£6.83, AUD$10.51) valuation on the company.
According to the Guardian, financial researchers Greencrest have reached the rough valuation by analysing the 'secondary market' in which shares trade hands privately and unofficially.
Facebook and Zynga have taken a battering in the stock market, as Wall Street sours slightly on internet properties, yet Twitter is still planning to float when "the company is ready," according to CEO Jack Dorsey.
Good 2013 for Twitter
"Twitter is up since the Facebook IPO and is now valued at northward of $11bn," said Greencrest analyst Max Wolf.
"This makes sense as growth in users and new monetisation efforts are both yielding fruit and pointing toward a good 2013 for Twitter."
Greencrest says Twitter will start preparing for the IPO this year.