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Obviously a lot of factors are at play for SaaS pricing but that would mean it would be worth at least around 50 billion USD in market cap if it were a legitima
by sushid 2y ago
Obviously a lot of factors are at play for SaaS pricing but that would mean it would be worth at least around 50 billion USD in market cap if it were a legitimate business. Seems highly unlikely.
- roenxi 2y agoWhat would make that unlikely? Sounds like a pretty reasonable valuation. Netflix is $400 Billion USD for ~300 million subscribers and is likely an inferior product to a pirate streaming site (otherwise, obviously, the pirate subscribers would go with Netflix). $50 billion for ~20 million users seems ballpark plausible. Note that black markets exist because there is enugh demand for a product that it overwhelms the ability of the army/police to enforce the law. This site is obviously going to be doing something economically popular. If it wasn't making a killing, ol' mate running the place would go find some other career.
- sushid 2y agoTo me, it seems unlikely that a singular, blatantly illegal service that is > 10% as popular as Netflix would go unnoticed by the legal authorities. And given the comments below indicating that it was a mistranslation, it's a moot point- it was wrong after all.