Twitter is Worth What!?! – Marketing WTF?
If you haven’t noticed by now, we think of Mashable as THE source for all things social media (and generally cool tech stuff). I came across an interesting article on Mashable by Ben Parr yesterday, Twitter’s Value: 5 Eye-Popping Stats. Check these out:
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.
Having worked for more than my fair share of start-ups, these are some incredible stats. The most unbelievable is the last; they have yet to make a dime. Lots of Twitter Apps are profiting, so if I am an investor in Twitter, I would be saying “Show me the money!” very soon. And if their investors are not asking that, then wtf?
One Response to “Twitter is Worth What!?! – Marketing WTF?”
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October 7th, 2009 at 11:17 am
I’m with you. Twitter is great. The spin-offs are interesting. The amount of investment…what is it really paying for? 1. Best kept secret. 2) Tulips 3) Madoff/Ponzi
I’m hoping on #1. If so, the brilliance factor on this might be a better case study than Google.