Image: Business Insider
Market Valuation: $30 Billion
Ironbound Buy-Side Valuation: $20 Billion
Ironbound Assessment: San Francisco based Twitter, founded in 2006, is a global social networking platform for real-time public self-expression. Our upside valuation is between $50 and $75 Billion, based on the $5 Billion in sales for 2021 and projected $7.5 Billion target for 2022. Twitter has numerous lucrative opportunities given their globally entrenched politically influential capabilities. However, headwinds holding down the valuation are risks with achieving double-digit sales growth. Long-term growth is rooted in cohesion between stakeholders, which management usually expresses through a commitment in core values – a company’s guiding north star. Without cohesion, both meaning and purpose can easily be lost. In Twitter's most recent 10-k financial filings, clearly expressed core values were missing. In addition, Twitter continues to lag behind the business trend in establishing carbon neutral goals. A board room wakeup call is needed, until then our position is to wait for the stock to drop below $25 a share before considering engagement.
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