Fueling more speculation about a possible IPO next year, an analyst looking at trading in secondary markets says Twitter's value is now north of $11 billion.
Max Wolff, an analyst with Greencrest, told Forbes that Twitter's value is up since Facebook's IPO last year. "Using the secondary market for shares to mark enterprise value is a very difficult and opaque process. It is a rumor rich and special share class soup," he told the publication.
The $11 billion figure reflects the growth in users and "new monetization efforts are both yielding fruit and pointing toward a good 2013 for Twitter," Wolff added. Rumors of a purchase by Apple are also boosting the numbers. The secondary mark…
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