Twitter just opened-up 75% from its IPO price, which beats Facebook on its opening day. As of now, Facebook (FB) has a "market cap" of $117 billion; and Twitter (TWTR) has a current "market cap" of around $30 billion. Can anyone say "irrational exuberance?" But, then again, with the likes of Bernanke and soon to be Yellen in the "Quantitative Easing" driving seat, the current market believes that it's rational exuberance.
No comments:
Post a Comment