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Officials at Twitter were not immediately
available for comment.
The Barron's article said Twitter trades at a "big premium" to
other Internet stocks based on its price/sales ratio, and its
user growth is slowing.
The company "appears to be a long way from profitability, based
on conservative accounting that properly treats as an expense
its massive stock-based compensation to employees," the article
said.
Shares of Twitter, which ended on Friday at $39.02, could drop
toward $30, which would still leave it trading at a premium to
Facebook Inc on a price/sales ratio, Barron's said.
The number of U.S. users at 57 million appears to be plateauing
despite efforts to make Twitter more appealing, Barron's said,
warning that "Twitter's quirky format may make it tough for it
to become a mass-market medium like the more user-friendly
Facebook."
(Reporting by Scott DiSavino; Editing by Paul Simao)
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