Brendan Conway asks whether investors will avoid making the same mistakes they made with the Facebook
IPO by "charging into" funds that own Twitter's
Conway says the same funds that are benefitting from Twitter now are the same funds that benefitted from Facebook--until that train halted in 2012 when the IPO was botched.
Facebook took down GSV Capital's
price from $18 to $10, and now it's up 13 percent the morning of September 13, after a 15 percent weighting in Twitter, Conway reports. Firsthand Capital Management's
] Firsthand Technology Value Fund
reported a 10.4 percent Twitter weighting and is moving up by 6 percent, Conway writes.
Conway predicts that Global X Management
] Social Media Index ETF
will be the first ETF to add Twitter.
The Wall Street Journal's
Miriam Gottfried explains why she doesn't think that Twitter and Facebook are analogous.
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