← Back to context Comment by yreg 15 hours ago How much money do you think they are making? Because I really doubt this is peanuts to them. 9 comments yreg Reply throw-qqqqq 14 hours ago Binance has a market cap just shy of $100B, so a $5.8B sure hurts, but it’s not a showstopper I’d say. grey-area 14 hours ago A market cap predicated on the price of bitcoin. A market cap is not funds available, it's just the valuation of the market, which is fickle. gizajob 10 hours ago Market cap has nothing to do with free cash to absorb a $6billion loss. Money is also going to pour out of Binance now, one would imagine. throw-qqqqq 7 hours ago > Market cap has nothing to do with free cash to absorb a $6billion lossI agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF. basilgohar 11 hours ago It really hurts when there's this much misunderstanding of market cap vs. revenue. P/E ratios exist for a reason. throw-qqqqq 7 hours ago What an arrogant assumption! I know the fucking difference between market cap and revenue.I also know Binance is a privately held company that doesn’t publish financial statements. If you can tell me their P/E, go right ahead.Not that I think P/E would have much use here. P/E is a relative valuation metric (how cheap/expensive).The relevant metric would be something like FCF, as gizajob wrote, but again: not available.I was trying to give an idea of the size of the company, that is all. 12_throw_away 11 hours ago boss: did you just send $5B of our company's liquid capital to a nigerian prince?me: no worries boss, our market cap is $100Bboss (who is also the tooth fairy): oh right cool np antonvs 9 hours ago That $100 billion is exchange holdings, i.e. customer funds, not market cap. It would be highly illegal for Binance to use any of that $100 billion to cover this loss. thatguy0900 12 hours ago That's assuming these AI hacks stop, right? Why would they, ever?
throw-qqqqq 14 hours ago Binance has a market cap just shy of $100B, so a $5.8B sure hurts, but it’s not a showstopper I’d say. grey-area 14 hours ago A market cap predicated on the price of bitcoin. A market cap is not funds available, it's just the valuation of the market, which is fickle. gizajob 10 hours ago Market cap has nothing to do with free cash to absorb a $6billion loss. Money is also going to pour out of Binance now, one would imagine. throw-qqqqq 7 hours ago > Market cap has nothing to do with free cash to absorb a $6billion lossI agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF. basilgohar 11 hours ago It really hurts when there's this much misunderstanding of market cap vs. revenue. P/E ratios exist for a reason. throw-qqqqq 7 hours ago What an arrogant assumption! I know the fucking difference between market cap and revenue.I also know Binance is a privately held company that doesn’t publish financial statements. If you can tell me their P/E, go right ahead.Not that I think P/E would have much use here. P/E is a relative valuation metric (how cheap/expensive).The relevant metric would be something like FCF, as gizajob wrote, but again: not available.I was trying to give an idea of the size of the company, that is all. 12_throw_away 11 hours ago boss: did you just send $5B of our company's liquid capital to a nigerian prince?me: no worries boss, our market cap is $100Bboss (who is also the tooth fairy): oh right cool np antonvs 9 hours ago That $100 billion is exchange holdings, i.e. customer funds, not market cap. It would be highly illegal for Binance to use any of that $100 billion to cover this loss. thatguy0900 12 hours ago That's assuming these AI hacks stop, right? Why would they, ever?
grey-area 14 hours ago A market cap predicated on the price of bitcoin. A market cap is not funds available, it's just the valuation of the market, which is fickle.
gizajob 10 hours ago Market cap has nothing to do with free cash to absorb a $6billion loss. Money is also going to pour out of Binance now, one would imagine. throw-qqqqq 7 hours ago > Market cap has nothing to do with free cash to absorb a $6billion lossI agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF.
throw-qqqqq 7 hours ago > Market cap has nothing to do with free cash to absorb a $6billion lossI agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF.
basilgohar 11 hours ago It really hurts when there's this much misunderstanding of market cap vs. revenue. P/E ratios exist for a reason. throw-qqqqq 7 hours ago What an arrogant assumption! I know the fucking difference between market cap and revenue.I also know Binance is a privately held company that doesn’t publish financial statements. If you can tell me their P/E, go right ahead.Not that I think P/E would have much use here. P/E is a relative valuation metric (how cheap/expensive).The relevant metric would be something like FCF, as gizajob wrote, but again: not available.I was trying to give an idea of the size of the company, that is all.
throw-qqqqq 7 hours ago What an arrogant assumption! I know the fucking difference between market cap and revenue.I also know Binance is a privately held company that doesn’t publish financial statements. If you can tell me their P/E, go right ahead.Not that I think P/E would have much use here. P/E is a relative valuation metric (how cheap/expensive).The relevant metric would be something like FCF, as gizajob wrote, but again: not available.I was trying to give an idea of the size of the company, that is all.
12_throw_away 11 hours ago boss: did you just send $5B of our company's liquid capital to a nigerian prince?me: no worries boss, our market cap is $100Bboss (who is also the tooth fairy): oh right cool np
antonvs 9 hours ago That $100 billion is exchange holdings, i.e. customer funds, not market cap. It would be highly illegal for Binance to use any of that $100 billion to cover this loss.
Binance has a market cap just shy of $100B, so a $5.8B sure hurts, but it’s not a showstopper I’d say.
A market cap predicated on the price of bitcoin. A market cap is not funds available, it's just the valuation of the market, which is fickle.
Market cap has nothing to do with free cash to absorb a $6billion loss. Money is also going to pour out of Binance now, one would imagine.
> Market cap has nothing to do with free cash to absorb a $6billion loss
I agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.
As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF.
It really hurts when there's this much misunderstanding of market cap vs. revenue. P/E ratios exist for a reason.
What an arrogant assumption! I know the fucking difference between market cap and revenue.
I also know Binance is a privately held company that doesn’t publish financial statements. If you can tell me their P/E, go right ahead.
Not that I think P/E would have much use here. P/E is a relative valuation metric (how cheap/expensive).
The relevant metric would be something like FCF, as gizajob wrote, but again: not available.
I was trying to give an idea of the size of the company, that is all.
boss: did you just send $5B of our company's liquid capital to a nigerian prince?
me: no worries boss, our market cap is $100B
boss (who is also the tooth fairy): oh right cool np
That $100 billion is exchange holdings, i.e. customer funds, not market cap. It would be highly illegal for Binance to use any of that $100 billion to cover this loss.
That's assuming these AI hacks stop, right? Why would they, ever?