Twitter's value is definitely crazy

The social media's stock gyrations have split analysts and bettors, but the wild optimism it embodies is undeniable.

As the debate over the $40 billion market value of Twitter Inc rages endlessly on, the only thing you can say for sure about it, I think, is that it’s crazy. It’s either way too high, or way too low – and simply impossible to know which.

The stock opened on the New York Stock Exchange in November last year at $US26, peaked at $US74.73 on Boxing Day and closed this morning $US62.32.

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