Twitter's "Winning" Thanks to Charlie Sheen, But Are America

by Derek Loosvelt | March 09, 2011

Today DealBook points out that since Charlie "Bud Fox" Sheen created a Twitter acount a little over a week ago, the company's value has skyrocketed.

Sheen, as you no doubt heard, recently "attracted one million followers in 25 hours, becoming the first user to do so -- beating out Twitter personalities Ashton Kutcher and Lady Gaga." As of today, he has 2.4 million followers. And, as a result, according to Wedbush analyst Lou Kerner, "The floor of Twitter's valuation should be $10 billion. If they sell, they should get a premium to that."

Back in December, the last time Twitter raised money, its valuation was somewhere near $3.7 billion.

Although Twitter execs (and its investors, such as JPMorgan) might be jumping up and down at these numbers, as well as at the prospects of other train wrecks like Sheen jumping on Twitter and showing us how much they are Winning, Winning, Winning, what the heck does this say about what Americans are spending their free time on? Or about how social media companies earn higher valuations in today's market? And, if Sheen and Twitter and JPMorgan and others are winning, somebody has to be losing, right?

One thing that brings me solace is the fact that Sheen doesn't have nearly as many followers as these other fascinating, thoughtful, leaders of today: Justin Bieber (8 million), Britney Spears (7.1 million) and Kim Kardashian (6.6 million).

Lastly, if you dare, you can actually work for Sheen; he's hiring an intern. A March 7th tweet of his: I'm looking to hire a #winning INTERN with #TigerBlood. Apply here – http://bit.ly/hykQQF #TigerBloodIntern #internship #ad

(DealBook)

Filed Under: Finance


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