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matt drudge seems to think so. >> this is a classic case of quarter and window dressing. of portfolio managers had this in their account from the ipo. they probably need to make sure wey have it so they can say were big investors and twitter, one of the best ipo. what is happening is that people are buying the stock, they are pushing their discounted cash flow models out many years to bring a discount back to today. it is certainly pricing in growth over the next five or six years. >> it is a steep valuation considering everything. >> this thing is incredible. let me show you a few comparable valuations. what we're talking about is cash flow. the total stock market capitalization plus all of the bonds and then divide that by the cash flow. just another way of looking at value. like price to earnings but there are no earnings. google, 12 times. facebook, 20 three times. and now look at twitter. 301 times. talk about expensive. it is off the charts. charts,e have done bar these three would have been so low because the scale would be off. i can remember in 2000 my mom would

you read the drudge report, you know there is nothing more terrifying to our democracy than voter fraud. [ screaming ] and no one knows this better than iowa's republican secretary of state matt schultz, who ran for office in 2011 on the signature issue of stamping out voter fraud. in the notoriously corrupt state of, again, iowa. still, he made good on his promise, paying iowa's division of criminal investigation $150,000 to do nothing but root out cases of voter fraud. and after 18 months, guess how many cases of voter fraud turned up? 1,000 cases, you say? okay, 100. how about 50? 25? nope! in a state where more than 1.5 million ballots were cast in the last presidential election, their efforts yielded fraud in, wait for it, 16 cases. 16 cases. five of those cases have resulted in guilty pleas. five others have already been dismissed, and none of the cases have gone to trial. these include such terrifying assaults on democracy like a woman who cast an absentee ballot for her daughter, which does not seem to constitute voter fraud, since the daughter had just moved to minnesota and the mom thought it was too late for her to register to vote in her new state. this seems to b