Coinbase hits number 30 in the top free apps on Apple's mobile store

Re:Coinbase hits number 30 in the top free apps on Apple's m... by tlrobinson on Thursday January 07, 2021 @03:08PM (#25676612)

> meaning it would take until the year 3521 for it to earn back its market cap

There are much better ways to make this argument than extrapolating based on current earnings forever.

e.x. “Tesla would have to capture X% of worldwide automobile sales AND capture Y% of worldwide taxi/ridesharing market share AND etc”

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Re:Coinbase hits number 30 in the top free apps on Apple's m... by arcticbull on Thursday January 07, 2021 @03:13PM (#25676692)

I'm aware of the bull case. However in general, pie-in-the-sky dreams aren't factored into asset prices like that.

For instance, Apple has a market cap of 2.2T a P/E of 40. Tesla has a market cap of 0.8T and a P/E of 1602.

Apple could get into all those markets, so should we value it at, uh, let me run the numbers here... 88 trillion dollars?

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Re:Coinbase hits number 30 in the top free apps on Apple's m... by tlrobinson on Thursday January 07, 2021 @04:27PM (#25677753)

I’m not trying to argue Tesla isn’t overvalued, I just think simply pointing to the P/E isn’t a good way to make that argument.

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