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"in August 2021, Discord had reported $130 million in 2020 revenues, triple from the prior year, and had an estimated valuation of $15 billion" https://en.wiki
by xphx 4y ago
"in August 2021, Discord had reported $130 million in 2020 revenues, triple from the prior year, and had an estimated valuation of $15 billion"
https://en.wikipedia.org/wiki/Discord#History https://en.wikipedia.org/wiki/Discord#History
- pessimizer 4y agoThere's no evidence in that sentence that they have made a dime.
- kornhole 4y agoThe company may not have recorded any profit, but the founders and other equity holders can leverage or sell that equity worth $15B.
- ehutch79 4y agoRevenue is not profit. You need to subtract expenses and whatnot.
- baxtr 4y agoThat’s right. But for GDPR no one cares about profits. They need to be fined on revenue. Otherwise non-profit making companies could do any privacy BS and not be fined.
- ehutch79 4y agoGood point.
- bradknowles 4y agoThey need to be fined based on gross annual worldwide revenue or market cap, whichever is greater.