4 ms·
The surprise to me is the craziness of that valuation to begin with. And if they were able to make "fundamental changes", why wouldn't they have done it by now?
by mikeg8 9y ago
The surprise to me is the craziness of that valuation to begin with. And if they were able to make "fundamental changes", why wouldn't they have done it by now? Seems like the path to change will be more difficult with the loss of top execs, low internal morale, and difficulty hiring top talent moving forward. Maybe out of business in 2 years is agressive, but 5 years? Wouldn't surprise me at all.
- bigbugbag 9y agoValuation is bullshit. When this bubble will burst a few trillion will go poof and the cycle will start over. 60+ billions valuation for a company losing over 2 billions a year or one third of their total revenue, seems like a big pile of horse manure.