Twitter's public listing has attracted a great deal of attention from investors, who hope the popular micro-blogging site could follow other recent tech success stories like Google and Facebook. However, many analysts are dubious as to how lucrative investing in Twitter shares will be.
A recent AP-CNBC poll showed that over half of the investors polled said Twitter would not be a good investment.
(Read more: Cramer's issues warning about the Twitter IPO)
"With Twitter, it could be another Palm [U.S. smartphone manufacturer] or BlackBerry where it has a couple years of phenomenal growth, big profits but then a new technology comes along and it has no staying power," Jay Ritter, professor of finance at the University of Florida, who consulted on the Google IPO in 2004, told CNBC Asia's Squawk Box Wednesday.
"Even companies in a winner-take-all market aren't guaranteed success-an alternative technology could come along which results in a market collapsing," he added, also referencing U.S. global courier delivery services company Federal Express, which dominated the overnight letter delivery market until e-mail attachments drastically shrunk its business.