Comment by throw-qqqqq
6 hours ago
> 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.
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