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> What I don't get is how you get from $30B in revenue to a nearly $1T valuation There is something that has fundamentally changed (or broken, depending on you
by philistine 4mo ago
> What I don't get is how you get from $30B in revenue to a nearly $1T valuation
There is something that has fundamentally changed (or broken, depending on your perspective) with the valuation of American tech companies. They've always traded at a premium, but the pandemic and the encroachment of the monopolists has turned the earth sour.
- ghtbircshotbe 4mo agoI don't know if that's completely true. Google, Apple, Amazon, Nvidia etc are somewhat expensive, but not ridiculously so based on earnings and growth. Tesla, spacex and openai are in a different universe, though I honestly can't say wtf is going on with them