Twitter's New $1 Billion Valuation -- All Hype? Or, a Veritable Bargain?

Twitter just announced a new round of funding -- $100 million of fresh cash at a $1 billion valuation. This, of course, despite the fact that Twitter has to date nary a peep in the revenue department.

So, have Twitter's new investors been duped by the Twitter-azzi's hype machine? Here's one interesting perspective from TechCrunch.

And, here's another from Robert Scoble, who likely believes this new valuation is a veritable bargain for new investors since he earlier threw out numbers ranging from $5-10 BILLION (yes, that is not a typo).

One thing is certain -- as I point out in my earlier post on the subject -- Twitter is in no hurry to drive revenues, since any such efforts would give pencil-pushing valuation experts a base on which to hang their hats (and likely bring those valuations closer down to the ground).

Remember, Twitter now has $130 million in the bank. And, it has an intriguingly mysterious theoretical business model, much like its early cousin YouTube. You simply can't pin it down.

And that worked out pretty well for all involved at YouTube ...