After Twitter Inc.’s shares shot up over 73%, lifting the company value to over $25 billion, after the debut of the first day of trading. The website stocks were offered at a price of $26 USD on Wednesday and closed Thursday afternoon at $44.90, nearly doubling the value.

 

Experts say, however, that this “pop” may actually be a bad thing especially for the “dot-com boom” which may result in misguided investments and the fall of the stock market similar to the 2000s. “With a price that pushes into the high 30s and beyond, Twitter is simply too expensive,” Pivotal Research’s Brian Wieser wrote in a note reversing his stock rating from “sell” to “buy”. He states, “One way to justify a $45 price in our model would involve presuming that Twitter could generate more than $6 billion in annual revenue by 2018. However, we think that would seem overly optimistic.”

Regardless, the heavy demand of the IPO share was apparent before the closing price, showing investor trends demanding over 30 times the 70 million shares offered in the IPO, which represented around 13% of Twitter’s outstanding common shares.

Across the world, the news of the IPO is making waves in form of satire and comedy, as China is sheltered from the large social media outlet. Many news conglomerates have made fun of the fact that Twitter is banned in China, but is a huge hit in the Asian Stock Exchange. Comics show investors confused by the “strange blue talking bird”, commentators stating, “Twitter is like a ghost, because you’ve only heard about it, but no one has ever seen it.” And another wrote “A website that we can’t even open is now worth 24 billion USD? It’s a crazy world we are living in!”

 

Of course everyone seems to be happy about this news of a potential surge of social media outlets going public, maybe except for this Chinese blogger, “I am calling the police…they are letting a fake website go public!”