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"valued at" may be the metric, but I think the bigger point here is they're unprofitable and have not much path to either fix that or continue 'growing'. So by
by nighthawk454 3y ago
"valued at" may be the metric, but I think the bigger point here is they're unprofitable and have not much path to either fix that or continue 'growing'. So by monopoly money rules yes they're a valuable unicorn, but realistically it's more like time to pay the piper.
- JohnFen 3y agoYes. Whenever I hear that a company (or a person) is "valued at" something, I know that number that follows is not likely to bear any relationship with reality.
- TeMPOraL 3y agoEven if, non-liquid worth is like voltage on a battery - it drops fast once load is applied. Except for batteries we're usually talking about maybe 30% drop. In finance, once you try to convert your large "worth" to cash, it's going to be more like 90% drop, simply from the market responding to what you're doing - that's on top of any bullshit involved in calculating the "worth" in the first place.