[freeone3000]

Is that a bad strategy? We've seen billion dollar IPOs on hype alone. In 2021, it might even be the winning strategy.

[rawtxapp]

> We've seen billion dollar IPOs on hype alone.

Can you give some examples?

I would expect a company of this magnitude to have done a proper research before paying out half a billion dollars for an acquisition that's not based on hype alone.

[freeone3000]

Instagram. C3.ai. Uber. Heck, Tesla. Curv has the advantage of actually being profitable.

[rawtxapp]

These all had and continue to have enormous amount of users. I'm not sure how you can argue that these all got their valuations based on hype alone.

[freeone3000]

Users are hype by another name. They lacked revenue.