Worth How Much!

I was just reading that Twitter will be raising another 100 million dollars in new funding. In the same report it states it now puts Twitter at a worth of $1 billion. There is no way Twitter is worth $1 billion, they haven’t made one cent yet. Their losing money every day. This just shows that people in charge of investing people’s money really don’t know what their doing. I say that because the $100 million will be coming from investment groups, which control other people’s money. I believe Twitter will start making money some day, but not what people investing in now will want to see. And then the worth of Twitter will sank and people will loss their money once again. And the only one’s getting rich are the creators of Twitter, the one’s that will be laughing all the way to the bank. Lets not forget that Twitter is nothing but a micro-blogging service, which anyone can setup. Their service gets hacked into all the time because of the simple script their running. Just wait about a year when other scripts come on for micro-blogging services. You’ll be able to by one for $50, just will hope your site catches on. A company started in 2006, hasn’t made one cent, no customer support, worth $1 billions, how dumb does that sound.