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Googling for "premium on the stock's previous closing price" reveals a few non-tech deals, none of which are above 1.5x

I think ^^ is the guy who wrote the post. But he is still off the mark.

See my edited response in the parent comment.

I don't know about childish but the argument seems very 2012 or something. Twitter is going to keep bigger 'cause social is the thing! That's it?

It seems like there's good evidence that Twitter is limited by the Twitter - most people don't like to scream at the world (post a stream of public crap) and for those that do, Twitter is kind of the lowest quality pedestal to stand while you do so.