What does T. Rowe Price see in Twitter?
I know I'm late asking this question since the news broke last month, but what does T. Rowe Price (the big, smart, staid mutual fund company based here in Baltimore) see in Twitter that it (reportedly) became a big investor in the company last month?
ZDNet's Larry Dignan asks the same question.
Twitter reportedly pulled in a $100 million round of investment last month, at a $1 billion valuation, according to the Wall Street Journal. But the company doesn't have any real revenues and its executives haven't publicized much of a business plan for their Internet-based messaging service.
Okay, T. Rowe Price: why the Twinterest? I could be wrong, but based on a search of Twitter, I don't even think T. Rowe has any official Twitter user accounts.
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