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>"I'd say P/E ratio is a flawed metric to use when talking about what some of these new startups are worth." In other words...this time it's different! Someti
by tatsuke95 14y ago
>"I'd say P/E ratio is a flawed metric to use when talking about what some of these new startups are worth."
In other words...this time it's different!
Sometimes it is, but more often than not, it isn't.
>Pandora, for example, may not have any earnings, but the value of controlling the source of 100 million users music is no doubt quite valuable
That's a circular argument. The whole point is that very question: what is controlling the source of 100 million users worth? Apparently not enough that you can make money off of it at a reasonable scale.