Comment by 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.
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.
> 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.