Twitter’s high-flying Wall Street debut drew attention to the growing power of social media. It has sparked talk of IPOs from rivals such as Pinterest, the photo-sharing social network, and Square, a payments platform for mobile devices led by Twitter co-founder Jack Dorsey. But it has also raised concerns about a potential bubble in the sector. The opening day gains last week of more than 70% after its initial public offering (IPO) stirred memories for some of the dot-com boom and bust of the late 1990s. Even some admirers of the popular messaging platform said the outsized gains were unsustainable and that investors should bail out.
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