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I spent the last week trying to write a column that proved Twitter wasn't worth $10 billion. Then the facts intervened.
Stubbornly, they arranged themselves into a most unexpected conclusion, one that seems almost blasphemy to type: Twitter has the potential to match some of the money-gushing properties of the Internet's greatest money gusher, Google Inc.Twitter's $10 Billion Valuation: Is it Worth It? [online.wsj.com]
Twitter isn't worth $10 billion if you benchmark it to its current financials. But that hardly matters now. The prime question is just how big Twitter can get—and how profitable.