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Because they recently issued shares at a price many multiples of that, and people bought them. How else would you define financial worth?
by senordevnyc 6mo ago
Because they recently issued shares at a price many multiples of that, and people bought them. How else would you define financial worth?
- andriy_koval 6mo agoI would use your number adjusted by some demand elasticity curve.
- tanseydavid 6mo agoThe "back-of-the-napkin" only has enough room to estimate based on recently issued share price. Seems reasonable to me.
- andriy_koval 6mo agoSure, for napkin level math you can go with this, and multiply by some simple multiplier, I like 70%.
- bmitc 6mo agoDoes speculation equal worth?