4 ms·
It's been <20y since YouTube was acquired for $1B, which felt like an imaginary valuation at the time, but it was for a company that actually had traction with
by bsimpson 1y ago
It's been <20y since YouTube was acquired for $1B, which felt like an imaginary valuation at the time, but it was for a company that actually had traction with users.
Inflation-adjusted, this acquisition is worth 4x that for… vibes from a guy who led a famous team a long time ago?
- paxys 1y agoMoney isn't real anymore.
- tmpz22 1y agoMoney is very, very, real for people below the poverty line.
- josfredo 1y agoPeople below the poverty line are real. But are they really “very, very” real?
- t1E9mE7JTRjf 1y agoThey are in fact, very, very, VERY real.
- t1E9mE7JTRjf 1y agoSure, but is that relevant? I'm not sure people below the poverty line are acquiring SV companies. In this case as I understand it, no money is being paid - it's a stock deal. For stock that isn't yet publicly trading, thus 'priced' pretty speculatively. So it is pretty abstract, and unreal.
- rchaud 1y agoMoney is real. Privately held company valuations are not. This is an all-stock deal, so what it's "worth" is entirely in the eye of the beholder. Its value rises and falls based on how long the hype train can keep running, or how much they can offload to Mayasoshi Son and Arab Gulf sovereign funds.
- boxed 1y agoIf I was Ives, I'd sell some of that stock.
- jen729w 1y agoIf you were Ive, you wouldn't need to.
- mrcartmeneses 1y agoNeed != want
- 6stringmerc 1y agoTesla at a PE in the neighborhood of 200 also isn’t real - public valuations are insane as well. The US economic system is completely unhinged from reality.
- etruong42 1y ago> Its value rises and falls based on how long the hype train can keep running Exactly - money is hype. Hype is money. Which goes into the foundation of money to begin with: confidence and faith. And the levers of power which move that confidence and faith are decreasing in number and increasing in length/leverage.
- flaterkk 1y agoVibe codin-... acquiring?
- bombcar 1y agovibe acquiring could be the new term - quick! Write a blog about!
- mattigames 1y agoWrite a blog? What is this? 2015? Just ask Chatgpt to do it for you.
- victor22 1y agoSame conclusion I got. This is weird as fuck. They seem kinda desperate.
- shafyy 1y agoMoney is a social construct