[kgog]

> How does Coinbase ever manage to justify a valuation this high? 100B....

How is Doordash "worth" ~$50B?

We're all in a delusion when it comes to public markets.

We're not ALL in a delusion, but market movers certainly seem to be.

[throwaway3699]

If FAANG can be worth > $ 1T, then $50B starts to seem fairly reasonable. I really don't know what justifies either evaluation though.