> Lots of talk about balking at this valuation, and that is probably a reasonable reaction, but as others have said, I want to point out that companies are valu

> Lots of talk about balking at this valuation, and that is probably a reasonable reaction, but as others have said, I want to point out that companies are valued based on their future and projected growth, not how much they are worth today. This is something which should be expanded upon: Yes, people are behaving like that across the board, it is becoming a popularity contest...what matters is which company has the potential to achieve the biggest size, the biggest scope, the biggest footprint and nothing else. It's fueling valuations. BUT size, scope and footprint find their financial expression in REVENUES, not PROFITS. So if you are trading be mindful that people are falling in love with revenues and not even considering cost of goods sold or profits, but historically the profit metric is undefeated. We might as well be in a new paradigm, but all things considered it doesn't feel that bad to miss out on money because you missed a paradigm shift happening in the brains of millions of people who are not yourself.