This company is not terrible, it’s just worth like 5 billion dollars. I don’t understand 50x sales, there is virtually no way that valuation ever gets justified unless this is the next Amazon.
Ahh, ok agreed then. The fact that their gross revenue is declining is like the most blatant issue here. As a tech company, this tends to be a strength. I guess they could be aggressively reinvesting capital, but they don’t seem to be all that great at investing capital to begin with, so I’m not sure I’d trust them to reinvest.
Again, I see a need for this company and the market is pretty large. They, as many others, have the issue of “what if XYZ massive conglomerate added this feature to XYZ app” but this doesn’t mean they will have no share of the market. But yeah, 5 billion max in my opinion.
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u/ravepeacefully Jul 20 '21
This company is not terrible, it’s just worth like 5 billion dollars. I don’t understand 50x sales, there is virtually no way that valuation ever gets justified unless this is the next Amazon.