No, the Twitter IPO Is Not a Sign of a Tech Bubble

Twitter’s stunning IPO success has sparked suggestions that we are in the middle of another tech bubble. With scant few significant tech IPO’s over the last 12 months, there’s no evidence to support this. But the notion also devalues what Twitter just accomplished: a concise, well-executed public offering for a social media company that has more potential than most people realize.

I’ll admit that I am a little biased when it comes to Twitter. Since 2007 I have amassed 30,000 tweets and 60,000 followers. My adoration, though, was hard won. I hated Twitter in the beginning. It seemed silly, lightweight, ephemeral and, worst of all, useless. I’ve never been so wrong. In my defense, it did take a couple of years for Twitter to transform into a major eyewitness news source and gathering place for collective ideas and movements. Read more...