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"is Reddit really worth that much?" - Why not? A product is worth whatever you can get someone to pay for it.
by zacharye 18y ago
"is Reddit really worth that much?" - Why not? A product is worth whatever you can get someone to pay for it.
- marvin 18y agoWhat the parent asks is not about value in the Syrusian sense, but whether the aquisition price was justified - whether the acquisition will in actuality increase Condé Net's value by more than this amount. Obviously, whoever gave a green light for the purchase must have thought so.
- ConradHex 18y ago>Obviously, whoever gave a green light for the purchase must have thought so. You could be right, or there could be other motivations. For example, maybe they thought the company had a one-in-five chance of being worth ten times that much in two years, so they figured it was worth the price.