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There's No Biz Like No Biz at Twitter! (And Will Google Swoop In Before It All Comes Crashing Down?)

in News on February 13, 2009 at 2:41 pm PT

Since BoomTown constantly called the $15 billion valuation of Facebook “insane” when Microsoft forked over $240 million in 2007, and gave Slide’s Max Levchin a very hard time when his widget company got a $550 million valuation a year ago, it’s only fair that I say something equally appropriate about Twitter. The hot microblogging service just got its very own $250 million valuation, but without a dime of revenue in sight. (I know, Bijan, it’s coming, it’s coming!) After all, Facebook and Slide got their funding in boom times and here we are hurtling toward a possible Depression: The Sequel. But I am torn.