[Zanfa]

> Public tech companies in 2022 have enormous revenue and profit streams. Alphabet/Google is trading around 20 times earnings and Meta/Facebook is around 10 times earnings.

While this is true for the largest of ad companies like Google and FB, the same isn't true for the vast majority of recent tech IPOs like Robinhood, Duolingo, Couchbase, Monday not to mention literally all of the ridesharing and food delivery companies to name just a few.

In a way, excessive acquisition valuations are likely also a side-effect of too much money floating around that might change radically with increasing interest rates.