Twitter is worth more than $11 billion

Twitter set the preliminary price range for its initial public offering at $17 to $20 per share late Thursday. At the top of that range, the company would be worth $11 billion.

That's lower than the $15 billion to $20 billion valuation that some experts had predicted.
Even the $11 billion figure might sound high given that Twitter is unprofitable. But investing in a company is about belief in its future potential, not its current situation.

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