Ina Fried

Recent Posts by Ina Fried

Investors Flock to Twitter, Like Facebook, as Year Draws to a Close

Sure, Facebook has a huge valuation, and Twitter trades at like a billion times earnings, but that hasn’t stopped shares of both companies from surging.

twitter_star

Part of it is the realization that, to the degree that social media actually is a big thing, it really is all about those two companies. And while Facebook and Twitter are tech names, social media has emerged as a key place for all manner of companies, from automakers and airlines to Coke and Pepsi.

In an interview on CNBC, I likened it to the early days of Google’s stock, as investors realized that search advertising was here to stay:


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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

— Valleywag editor Sam Biddle