Twitter Inc (TWTR)

[Donotunderstand]

?
all stocks are to be judged by the efficient market by current value of future expectations .... the value today of future dividends (or earnings if you do not like dividends as the proxy in the main original U of C argument)

if today's price is supposed to be about the current sense (knowledge?) of the expected future -- why should we care about the last 12 or 18 months

what you call hype might be turn out to be a hopeful but realistic view of the future

to judge any stock on current earnings is a mistake the market does not make - so why should we

(see oil companies when things looked bleak on the FUTURE price of a barrel of oil -- as the PPS went down despite high current earnings)