We first reported that Twitter was raising funds at a $1 billion valuation eight days ago. Since then, the amount of money Twitter's supposed to be raising has doubled, and more details about who's supplying the cash have surfaced. As you might imagine, all of this has generated quite a lot of discussion.
Maybe it's not best to ask online players if online properties are overvalued. But the general consensus, save for an occasional cautious voice, seems to be that the market is bullish, not bubbled. Rational, on the other hand, is an entirely different matter.
A $750 billion Google? A $15 billion Facebook? $100 million for TechCrunch? Valuations like these are inspiring one of three reactions: laughter; elation; and déjà vu all over again. Even as that word is at the back of everyone's (well, at least the skeptic's) mind, some analysts say fat times are ahead in e-commerce.
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