Comment by bbor
5 hours ago
They’re buying a brand, some employees, and some momentum — not any of their software. HF probably does have propriety goodies to make it all run efficiently, but certainly not a billion dollars worth, much less 13!
5 hours ago
They’re buying a brand, some employees, and some momentum — not any of their software. HF probably does have propriety goodies to make it all run efficiently, but certainly not a billion dollars worth, much less 13!
We are so used to these numbers being thrown around in the AI era that something one needs a reminder that this is 13 billion, not million. Insane exit by HF.
80x its yearly revenue. Clearly they aren't buying HF for margins.
In fact, has HF ever wished to make money? They probably pay AWS more infra cost than they earn. The exit was planned all along.
Was looking for this comment, the tech world has gotten completely insane with ”valuations”. I would love to hear why it was 13 and not 5. It would still be completely insane at 5 billion, but someone though they should add another 8…
Yeah, the price is weird as fuck.