INQUIRER.net: Twitter aims high, but faces hurdles

INQUIRER.net Philippine News for Filipinos

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Twitter aims high, but faces hurdles Oct 31st 2013, 02:03 WASHINGTON – How does a company that has lost millions since 2010 and never made a profit raise $1.6 billion in a public offering and reach a value of some $11 billion?   Say hello to Twitter, which could become the next behemoth in the new world of technology – or another flash in the pan.   "What Twitter believes is that they have a massive opportunity to become a ubiquitous global platform and they are spending ahead of that," said Lou Kerner, founder of the Social Internet Fund, an investment firm specializing in social media.   "If they achieve that, they will be massively valuable, and if they don't, it is massively overpriced."   ... Keep on reading: Twitter aims high, but faces hurdles Media files: Twitter-overhaul-1024x638.jpg (image/jpeg)

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