By Masimba Biriwasha | Global Editor At Large | December 30 2013 | @ChiefKMasimba
The 140 character-limit micro-blogging platform, Twitter, which launched on the New York Stock Exchange (NYSE) to much aplomb in November has been in the news headlines recently for being overrated with its rise seen as largely a product of speculation.
There are fears among analysts that the company’s shares, currently trading at $60.27, are overpriced. Twitter’s stock has been on an upward trend ever since it went public on November 6 at $26, reaching a high of $74 before taking a huge shed.
“At $45 billion, the company may have the highest market value of any firm that isn’t generating any earnings since the dotcom bubble of 1999-2000,” New York Times quoted Barron’s, an investment advisory publication.
It is estimated that are 230 million active users on Twitter who post an average of 500 million Tweets every day but questions…
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