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Yet Twitter has been coy about how exactly its advertising machine will be able to generate the billions of dollars of future revenues to justify such a lofty multiple.
That last statement was an offhand reference to the negotiations now under way to determine the size and shape of an American military presence in Afghanistan past 2014, and perhaps to the billions in dollars of future American aid already committed to the country.
A27 BUSINESS DAY C1-12 Wall Street Quietly Lobbies As President Bush prepares to unveil the details of his plan to funnel hundreds of billions of dollars of future Social Security funds into privately held investment accounts, Wall Street has begun a muted lobbying campaign, chastened by bolder forays that failed in years past.
In other words, if states raise 20 cents in taxes or cut 20 cents in other spending for every hundred dollars of future income, they will be able to meet their current pension obligations.
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If investors were willing to buy stocks with high P/E ratios, they must be expecting a lot from them, because they are willing to pay more for each dollar of future earnings per share; conversely, if a stock has a low P/E ratio, investors aren't expecting much from it.
Prepay college expenses: At scores of institutions nationwide, students and their families have a chance to save thousands of dollars on future tuition expenses by prepaying based on today's tuition price.
In November 1939, with a million dollars' worth of future bookings, he walked off the bandstand at Manhattan's Hotel Pennsylvania and turned his orchestra over to its members.
Mr. Ryan expressed one of the Republicans' main complaints: that Democrats and independent Congressional budget analysts have underestimated the costs of the law, which Republicans say will ultimately add hundreds of billions of dollars to future federal deficits.
At the culmination of the ensuing months-long legal dispute, he watched, as described by Sandford, "millions of dollars of his future earnings being surrendered" in what were "uniquely generous terms for Defries", then "shut himself up in West 20th Street, where for a week his howls could be heard through the locked attic door".
Proponents of the project say the higher cost of their proposal represents a more realistic outlook, adding billions of dollars for future contingencies and time for potential delays.
This extra protection for biologics would add billions of dollars to future health care costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com