3 ms·you are confusing valuation with shareholder's equityby jakarta 11y agoyou are confusing valuation with shareholder's equitymrdrozdov 11y agoOkay. Thank you. This is probably the source of the confusion. Would a company like ZocDoc even have shareholder's equity?dharmon 11y agoOf course, shareholder equity is just assets - liabilities. Granted, it's probably significantly smaller than the $2B figure you cited.