Genuine question, as I am not well versed in valuations:
How can a company be "valued at $10 billion" when it is sharing the "$904 million global market for business file-sharing"?
Is it because of the term "business" file-sharing, whereas there are non-business customers who are also paying for these services that make it worth substantially more than $904m? Or is there something else about valuations like this that I am missing?
How can a company be "valued at $10 billion" when it is sharing the "$904 million global market for business file-sharing"?
Is it because of the term "business" file-sharing, whereas there are non-business customers who are also paying for these services that make it worth substantially more than $904m? Or is there something else about valuations like this that I am missing?