He should have written revenue. It is how the IPOs are priced these days (YY times yearly revenues, with YY in the range of 15-25). It is a pretty useless way o

He should have written revenue. It is how the IPOs are priced these days (YY times yearly revenues, with YY in the range of 15-25). It is a pretty useless way of valuing companies. While we're here it is worth remembering that unlike most of today's "rising stars", most of the established tech giants were profitable at IPO time (Google, Facebook, Apple, Microsoft).