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How did they ever get a $15 billion valuation? Net income was $18 million in 2023.
by Animats 2y ago
How did they ever get a $15 billion valuation? Net income was $18 million in 2023.
- spencerchubb 2y agoYou gotta look even earlier than 2023. Their net income peaked in 2021 at 776 million for the year, growing 20% year over year. That's a 20x valuation, which is honestly not that crazy considering the bubble of 2021.