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Strategies & Market Trends : The New Economy and its Winners

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Si_Detective

To: The Ox who wrote (56798)	3/20/2014 12:22:50 PM
From: Lizzie Tudor	1 Recommendation Read Replies (2) of 57684

yeah... well I was in social networking last year and TWTR was a big winner. The TWTR qtr had that growth problem but that was just one thing. I said on the TWTR thread a while ago, that the larger problem for them was profitability which they delivered handily. Most twtr skeptics were worried about profitability not growth. So it was a sort of half full picture. But the thing that REALLY turned me off social media for now, as an investor, was that $19 billion Whatapp buy. That was ridiculous in my mind. It is nothing different than one of those cheapie sites like wrapp that give everybody $25 for free and claim to the VCs they have a million users. Whatsapp is a free service for something people typically have to pay for. There is no real moat to speak of from an engineering standpoint. In this climate, a whatsapp purchase probably should have been in the billions but facebook paid 5x too much for that, AT LEAST. I am in the camp that this was desperation for growth on the part of FB so I dropped out of social media. Having said this, if TWTR falls low enough I will buy it.

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