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A comment on Snapchat has reportedly filed confidentially for its massive IPO. Parent comment

Re:Snapchat has reportedly filed confidentially for its mass... by huac on Wednesday November 16, 2016 @12:55AM (#12964848)
Tesla and SpaceX aren't worth that much for much the same reasons you've outlined - they have massive capex requirements, high employee overhead and retention costs, and really real technology risk (it's literally rocket science).
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Re:Snapchat has reportedly filed confidentially for its mass... by pixelcloud on Wednesday November 16, 2016 @01:27AM (#12964960)
At least they have something they can sell afterwards...
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Re:Snapchat has reportedly filed confidentially for its mass... by tscLegend on Wednesday November 16, 2016 @02:37PM (#12970636)
If I sell you a Book for a million dollars, I make 1 million dollars. If I sell a million books for a dollar each, I make a million dollars. My Company is worth a million dollars. It makes no difference to the quality or what i am selling.
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Re:Snapchat has reportedly filed confidentially for its mass... by photogrammetry on Thursday November 17, 2016 @03:48AM (#12975618)
That's not how valuation works, and that's not how revenue models of companies work. Please make less useless comments.
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