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by 3pt14159
1749 days ago
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It isn't really worth $192 per user. It's worth, say, $40 per user if there was an absolute certainty that they wouldn't grow their user base and just stay at fifty million users for the next hundred years. But with tech, there is a non-trival chance (say 5%) that they 10x their user base and 5x the amount of income they receive per user per year. You never know how these things will go, but the downside of a stock is limited. The upside isn't. As an aside, Reddit is great if you're in the right subreddits and clear out the junk that appeals to the broad public or is frequently gamed by political actors. |
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I disagree. To me, going hyperbolic to make a point, this is like saying there were some really great bars in 1930s Germany.
It kinda doesn’t mean much if you bury your head in the sand here. It’s a bad company that does bad things. That’s cool you like some people who agree with you, but these people would be cool elsewhere too.