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by 6thSigma 4653 days ago
They have ~$1.1B in cash, so their true market cap is closer to $1.8B.
1 comments
roin 4653 days ago
It sounds like you're trying to get to their enterprise value (simplified as market cap + debt - cash), but market cap is market cap (value of outstanding shares). They also own other large assets such as their building in SF.

With revenue of $231M last quarter their market cap looks pretty bad. But that's expected given their trajectory.

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6thSigma 4653 days ago
Right, I was pointing out that their huge cash pile is a large reason for that high market cap despite their decreasing revenues.
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