Comment by jmalicki
2 months ago
I mean they doubled revenue from $1B/yr to $2B in a month.
At some point it can be valued as a high growth business, the code that backs it is almost irrelevant if the business is strong.
2 months ago
I mean they doubled revenue from $1B/yr to $2B in a month.
At some point it can be valued as a high growth business, the code that backs it is almost irrelevant if the business is strong.
IIRC, it was $2B annualized. Which means nothing. Also, their expenses will be way north of that.
trusting a startup to accurately report its revenue in this market is about the dumbest thing you can do