by Patrick Appel

Felix Salmon defends Twitter's valuation - estimated between 8 to 10 billion:

Twitter has a couple of hundred million dollars of cash in the bank: it’s not like it’s running out of money. And the chances are that as Twitter succeeds in cementing itself into the way that people live their lives each day, it will be bombarded with opportunities to monetize its position. In the history of humanity, everybody who owns the means by which people communicate and socialize with each other has been very rich and powerful. That might be less true going forwards than it was in the past, but it’s unlikely to disappear entirely.

Eli Lake's reaction to Mubarak's departure touches upon Twitter's social value:

Is there anything twitter can't do? Let's use twitter to kill bin Laden next. And then twitter can help us perfect space lasers.

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