November 04, 2011
– Comments (4)
Its IPO is tomorrow on NASDAQ and is priced at $20, giving it a market value of $12.5 billion.
Boom or bust?
I use the service, but I do not see the barriers to entry to prevent others from mucking up the waters. I believe if they had been smart they would have sold to Google for 6 Billion. I would buy them valued at 3 Billion.
That said, no telling which way the momentum will swing
I lean more towards bust. Perhaps it is more of a buyout candidate than a future failure. My opinion id based on the fact that it has no moat and other players are hot on its heels.
They were offered $6 billion from google I would have taken that and left walking out the door.
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