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There are 41 other companies that currently have a market cap >= 100bn.
Guess what all of them have in common: they produce, you know, really stuff like servies and products.
This is the height of stupidity and what is wrong with finance: oh you make nothing, but are potentially good at selling other peoples shit = 100bn valuation.
revenue of 3.7 billion, net income of 1 billion…no problem. Slap a 100 P/E on that and you should be good to go…
but it is the potential outreach that has every body wondering could this be a advertising juggernaut…
it is rich, but that’s how hot issues trade. if they hit projected numbers/estimates or beat them…then expect an even crazier evaluation post secondary mkt