It makes no sense for me. It's just a web frontend on top of an irc chat. $16B for that is a complete insanity.
This is an insubstantial business, doing an even more insubstantial product, with a sole criteria of it being a "big thing" being some smart banker analyst saying so — that's a hello from dotcom bubble era
At such valuation, it will take them ~100 years just to earn its price from ads sales
This is an insubstantial business, doing an even more insubstantial product, with a sole criteria of it being a "big thing" being some smart banker analyst saying so — that's a hello from dotcom bubble era
At such valuation, it will take them ~100 years just to earn its price from ads sales