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I think we have missed the un-mentioned point...

What does this say about Twitter that they have to buy product staff? What does that say about the value of their IPO?

The Thiel proposition would be, long-term, we should be betting against every one who IPO'd thus far.

We saw a lot of this during Internet bubble v1.0

The issue is that a bunch of folks who will flip IPO shares need to quote a number-of-employees. The implication is that a high number of employees is an indicator of the viability of the company.

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