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Trading at 2x Sales still seems a little high. They bought Zappos for 1x Sales and Zappos was profitable. Now the cloud services will have different multiples,
by girmad 12y ago
Trading at 2x Sales still seems a little high. They bought Zappos for 1x Sales and Zappos was profitable. Now the cloud services will have different multiples, but from my understanding that's not where most profits can be forecasted in the next 10 years.