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In other words, they are now valued at $100 billion, but providing the most basic privacy functionality imaginable, after being given years to do so, is just to
by Bud 15y ago
In other words, they are now valued at $100 billion, but providing the most basic privacy functionality imaginable, after being given years to do so, is just too expensive?
- VolatileVoid 15y agovalue != revenue (Not justifying the status quo -- just pointing out that a valuation does not imply liquid capital)
- shingen 15y agoWhile that's definitely true, Facebook is of course not lacking in free capital to throw at this problem. They had $4 billion in cash before the IPO. They'll have $9 billion after it.