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Apples to oranges. Budget is per year, valuation is total. A better comparison would be Uber's revenue of $37 billion in 2023.
by yccs27 2y ago
Apples to oranges. Budget is per year, valuation is total.
A better comparison would be Uber's revenue of $37 billion in 2023.
- amelius 2y agoI don't see why it's Apples to oranges. Uber could pay for 150 CERN-years.
- chmod775 2y agoNo, they could not. Valuation is not money in the bank. It does not even represent an amount that is convertible to an equal amount of liquid currency. It's a number that is hardly useful for anything and I'm tired of people cooking up all sorts of nonsense with it.
- amelius 2y agoOk, maybe it's 75 CERN years or maybe even 10. The point still stands. PS: Sorry if you got tired, but I'm tired of people explaining what valuation isn't when we're just talking orders of magnitude.
- exe34 2y agoit's only useful for getting loans that you'll pay back with a bigger loan. it's how rich people are always cash-poor but wealthy and live wealthy lifestyles.