The private valuations are not really comparable to the public market caps, given the conditions these private investors get. Maybe I'm being cynical, but give

The private valuations are not really comparable to the public market caps, given the conditions these private investors get. Maybe I'm being cynical, but given the exuberance of public tech stocks, and the bubbliness of the tech market in general, some may be impatient to cash out. Also see: "greater fool theory"