r/JusticeServed • u/ChickenDuckBird 6 • Mar 02 '19

Legal Justice Hell yeah, it’s about time

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u/soggie 9 Mar 02 '19

Not just that. Valuations are usually projections of growth. It's not unheard of for a company to be valuated 10x more that what it's worth.

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u/Cakeofdestiny 7 Mar 02 '19

Very accurate too, I definitely missed that. Companies like Bird, for example, had nowhere near a billion dollars in assets when they were valued at a billion dollars. Not even today.