5 ms·
Overstock is going for ~1.4 times sales (and that's 3x inflated versus May due to OSTK recently joining the bubble party). If by some miracle Wish gets 15x, th
by adventured 6y ago
Overstock is going for ~1.4 times sales (and that's 3x inflated versus May due to OSTK recently joining the bubble party).
If by some miracle Wish gets 15x, they'll be a spectacular short opportunity.
- soniman 6y agoWish was valued at $11 billion in the last VC round in 2019. Since then Shopify is up 200% so if Wish is being valued off Shopify then $37.5 billion isn't far off. Shop's price to sales is 50x so 15x isn't outrageous for Wish. Shop is growing faster but Wish's economics are better.
- ganoushoreilly 6y ago> https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds... But Wish is in a retailer vs Shopify as a platform. I Highly doubt wish has the same value. In fact, I don't know a single instance of someone shopping wish and being satisfied. Someone will buy it, it'll probably be way over valued, and it will eventually drop back.
- soniman 6y agoShopify is a service provider, it's not a platform because it doesn't control the relationship with the consumer. Wish is an aggregator on both sides and that's why it's a platform.