this post was submitted on 25 Mar 2024
13 points (84.2% liked)
Business
443 readers
5 users here now
A place to share business news and insights.
Rules
- Follow lemmy.world rules
- Only post content related to business
- Do not use this community to promote your business
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not sure why you are getting downvoted, there's probably a world where that could happen.
That being said, the company is currently valued at 9.3B USD for revenue of 3.4m over 9 months and a loss of 49m. That's an insane 2000x revenue multiple for a company with limited growth and an active user base generously estimated at only 5m.
The upper range of other social media companies is around 10x.
Edit: the reported revenue was for 9 months so I corrected the multiple from 2700x to "only" 2000x