$TWTR – Twitter stock having a huge move. CNBC debating on the future of the stock. For anyone who has been around since the 1990’s, we all know how this ends – right? Maybe “this time is different,” but I can’t help thinking of those internet, tech, and B2B high flying stocks of 1999-2000.
The big difference is that people actually use Twitter. Some of those late 1990’s stocks didn’t have much of a business model.
That being said, Twitter is free, right? It has lots of eyeballs on it. I use it all the time. But I haven’t spent a dime. I don’t see any advertisements on it, either.
How does that business model work over the long term?