Social

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

Published on December 24, 2013
by Ina Fried

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.

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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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URL: http://allthingsd.com/20131224/investors-flock-to-twitter-like-facebook-as-year-draws-to-a-close/