The news today was that Saudi Prince Al-Waleed bin Talal has invested $300 million in Twitter, which values the company at around $8.4 billion. Not bad for estimated revenues of just $100 million this year.
A short time ago I did a radio spot on ABC 774 Melbourne with Lindy Burns. She still can’t pronounce my name, but nevertheless I filled her in on Twitter’s value compared with Facebook, Friday’s share market float by Zynga, and the current Silicon Valley boom. And here’s the audio.
The audio is ©2011 Australian Broadcasting Corporation, but it hasn’t been posted on their website so here it is. In return, I reckon you might choose to listen to Lindy Burns’ drive program some time soon.