Twitters beating on the markets After having a great poke at the markets Twitter ($TWTR) finally took a beating and dropped a huge 13.04% which is a lot for a company that only went on the market a month ago and it is the second time that it has dropped in huge numbers but personally I couldn't be any happier.
This is because twitter is just a horrible company. One of my reasons for this is the horrible evaluation. When the company got evaluated for its IPO the company said that they were worth 12.8 billion dollars with estimates to rise to 15-20 billion after trading begins and to me this doesn't make any since because first of all the company wasn't making any money and from my point of view they had no way to make money until they started selling shares so to me they company is 12.8 billion dollars of absolute crap,an utter waste of time and money to put on the markets and it is a horrible investment, it's like the modern day NORTEL.
What I mean by this is NORTEL was a great company to invest in back in the 1980's and early 1990's and in its early days like twitter but one day it tanked it went from an 85 dollar stock to a stock worth pennies per share it was a movement that hurt a lot of people and that is what twitter is going to do hurt people financially.
This right here is a 10 year chart for NORTEL notice how it sunk from almost 100 to 0 this is how twitter is going to turn out.
This is a chart for twitter ever since it's ipo and it is playing out just like the chart before this one it's on a really bull movement and than it collapses.
In closing, you have two decisions by into a company who's evaluation is full of crap or play it smart and find another investment that will generate massive income.
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