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> Can someone explain to me how a young security company with few employees can be worth millions? I assume you meant to say billions, since this is a $23B off
by taspeotis 2y ago
> Can someone explain to me how a young security company with few employees can be worth millions?
I assume you meant to say billions, since this is a $23B offer they turned down.
If I had to positive spin on the valuation: it's chump change if Wiz (who seem to be a very capable cybersecurity firm) are able to integrate themselves deeply into Google's infrastructure and secure it up the wazoo, since a 5% cost to Google's share price for reputational damage caused by GCP getting r00ted would be ... 5% of Google's 2.25T market cap ... $112.5B.
cf. Crowdstrike's share price after some bad news: they are down 30% over the last five days.
- Sohcahtoa82 2y ago> cf. Crowdstrike's share price after some bad news: they are down 30% over the last five days. The stock is recovering. Traders have short memory. By the end of the year, it'll probably be $400 unless there's a huge class action against them that starts looking really bad for them.
- taspeotis 2y agoI had a quick look and it seems to have recovered nominally today - 2% at most. If you look at the 5D and 30D view it seems to have taken a beating and is now flat.
- Sohcahtoa82 2y agoYeah, I think the slight uptick was people believing it will make a full recovery and buying the stock since it's on a heavy discount.