# Prof. Aswath Damodaran explains why he believes Twitter's stock price is too high

1 Faculty News November 12, 2013 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://www.cnbc.com/id/101191773) -- "'There can be no way that you can tell me from a valuation perspective that it's worth what it's trading for. Having said that, I would disagree with the statement that growth stocks can never be good investments because I think there will be a point in time where Twitter will become a good investment,' said New York University professor [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran). 'It might not be that far in the future. All you need is a couple of bad earnings reports, and the same crowd that's buying in now will be out of the stock as quick as can be.'"

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