[5trokerac3]

We've been seeing nothing but bullshit valuations for years. Twitter was a bullshit valuation.

I'm just glad we finally had a sanity check on something.

[tenaciousDaniel]

I'm not knowledgeable in this area, but I think it's telling that SoftBank is the same people who gave a dog walking startup a 300M valuation: https://techcrunch.com/2018/01/30/on-demand-dog-walking-app-...

[kossae]

Note, the _investment_ was 300M, meaning the valuation was actually higher than that! According to Crunchbase:

> Wag has a post-money valuation in the range of $500M to $1B as of Jan 30, 2018 according to PrivCo.

[notfromhere]

VC valuations are a solid argument against the wisdom of private markets

[tenaciousDaniel]

lol what the fuck

[mypalmike]

Twitter might be a bad example. The current P/E of Twitter is around 14 with the stock trading around 80% over the IPO price.

[5trokerac3]

And when was the last time Twitter turned a profit?

[vonmoltke]

Last quarter? https://finance.yahoo.com/quote/TWTR/financials?p=TWTR

[mypalmike]

What does E even stand for in P/E? Nobody knows.