Monday, February 28, 2011

From The Subprime To The Ridiculous

JPMorgan Chase’s new fund aimed at investing in social media companies is seeking to buy a minority stake in Twitter that could value the service at close to $4.5 billion, people briefed on the matter said Sunday.

Y'know, at least junk mortgages had an asset with underlying value. Twitter, the social network for retards with slow hands and ADHD, makes zero revenue. None. Nada. Not an ad, not a subscription. Zip.

Yes, we will be bailing yet another fucking "too big to fail"...which will likely be duly Twatted.

I mean, tweeted.