Wikipedia seems to think they had revenue of $100m in 2018, so it sounds like either a LOT of this is profit or the investors are extremely optimistic that it c

Wikipedia seems to think they had revenue of $100m in 2018, so it sounds like either a LOT of this is profit or the investors are extremely optimistic that it can grow significantly. I'm with you though. I am continually dumbfounded by the sky-high valuations for these kinds of companies. Many on HN act like it's all normal and cool, and when you cast any doubt on their valuations or suggest there may be a bubble you are treated like an out-of-the-loop normie who doesn't "get" the internet. Time will tell, I suppose.