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The negativity is around how they are asking to be valued. They want to be valued at tech company revenue multiples but are running a real estate business. As t
by robryan 7y ago
The negativity is around how they are asking to be valued. They want to be valued at tech company revenue multiples but are running a real estate business. As the article evaluates unlike a tech company there is really no opportunity for exponential growth without also adding a proportional amount to their costs.