price is what you pay, value is what you get. it cost 19b, doesn't mean it's worth 19b. intrinsic value is the amount of future cash flow the business will gene

price is what you pay, value is what you get. it cost 19b, doesn't mean it's worth 19b. intrinsic value is the amount of future cash flow the business will generate discounted to present value. projected earnings must be measured against the returns of the s&p 500 rate of return 6% per year adjusted for inflation. they would need to have profits in the range of 500M to 1B for that valuation compounding much higher than that. it is a totally bogus valuation based on new metrics a la zuckyberg