Eventually Twitter
I am always late to the party. Sometimes it is because of my incessant tardiness. Sometimes it is because I don’t catch on to things mainstream years in the making. Sometimes it is because I am pretty damn cool.
In this case I am betting on all three. As a result of the recent $400 million infused, Twitter now sits at an $8 billion valuation. I couldn’t care more or less, either way. All I can say is that I am riding this gravy train. I am even willing to divulge that I am having a plate of lima beans and spare ribs while I write this.
But before I tell you guys why I am so far and away long Twitter that it is not remotely funny…let me tell you about being late to the party…
Zuckerberg’s Billions and Midas’s Vermillion
Back in the cold of 2003 two geniuses worked hand-in-hand. Mark Zuckerberg was accidentally/criminally (disputable point) stumbling onto the billion dollar empire of Facebook and yours truly was fusing Raspberry syrup and moonshine for an eye burning not-exactly-date-rape drink that would put Four Loco to shame.
Though I have never patented, profited or proliferated my work of magic it had the same exhilarating affect on my psyche that being wired in did on The Zuck…and yes, it is probably a good time to note that I just saw The Social Network for the very first time.
Without taking too much time to man crush on David Fincher or lament on the fact that Quincy Jones’ daughter gets Hollywood burn the way that some Corzine spawn certainly one day would at Goldman, I am going to take two secs to give you guys a movie critique and a stock tip…but not before reminding non-targets about the origins of Rooney Mara and giggling about how life really ain’t fair.
Though I am loathe to trust a movie, it makes perfect sense that Zuckerberg held out on gluing ad revenue to his website monolith in the making because it wouldn’t be cool. Facebook after all ain’t fucking shit if it wasn’t so damn cool. Watching the film in question it boggled my mind to realize how quickly the script flips nowadays. Something that didn’t even exist in the incubation phase less than a decade ago is now a household name, something we consider common place and the result of the world’s youngest ever billionaire.
This is precisely why I am telling you guys to sharpen your teeth for the inevitable Twitter IPO. Yeah it sure as hell ain’t Facebook, but it will make a ton of you a boatload on that first day. In spite of the fact that many will look down upon my non-SWOT, non-DCF, non-Glosten Millgrom analysis…it will be for no other reason other than that Twitter is cool.
Fans of The Social Network know exactly what I mean. Partially illiterate neckbones who get laid on the regular by strange hot girls will know what I mean. Anyone who has tasted my zero profit/one million percent wonder potion will know what I mean.
Do you know what I mean?
This may seem dogmatic, but won't initial shares in the eventual offering be limited to institutional investors? I know you're a baller Midas, but exactly how do you propose getting your hands on some of that stock?
haha yeah if you guys find out.. Let me know
My thoughts exactly.
Even if I though Linkedin was worth $80 at open I couldn't have profited from that.
You can buy shares on sharespost.com or secondmarket.com. For Facebook, the auctions are a minimum of $100k investment. If you per share price is at or above the minimum you get the shares. I remember when LinkedIn was auctioning for under $25. I could've made crazy money. Should've, would've, could've.
Current FB shares are auctioning around the $35 price.
Hope this helps.
Don't you need to be an "Accredited Investor" by the SEC's definition to buy on this site? i.e. more than $1MM net worth or making $200k+/year for the past two years
Yes, you do.
Finally, catching on. This is exactly why I've been so bullish on social media. They've got a cool idea, they aren't fucking idiots, they'll find a way to cash it in
Not idiots, but hard to do anything proprietary, the next basement start-up can eat your lunch out of nowhere.
I can't wait for all this social media crap to fade away just like everything else with no real value had in the past. I hope you guys know what youre doing and make some dough ;) Maybe I'm still catching up.
Being late to the party doesn't mean you're cool, it means you're a terrible investor with no eye for value until something makes the cover of the WSJ. Plus, from an actionable standpoint, you're not getting in on the ground floor anyway, so that post was largely hot air.
Your writing style is also adolescent and overwrought.
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