News for hackers. Stuff that matters.

A comment on Coinbase from YC to DPO. Parent comment

Re:Coinbase from YC to DPO by solveit on Wednesday April 14, 2021 @08:43PM (#26814933)
It's not. But it doesn't have to be sustainable to justify the current valuation. Indeed if it were sustainable, Coinbase would be worth many many times what it is now.
[ Parent | on HN ]
Re:Coinbase from YC to DPO by FabHK on Thursday April 15, 2021 @06:11AM (#26818486)
What P/E ratio do you calculate with? IIRC, a normal valuation (not predicated on growth) would value it at a quarter of what it is now.
[ Parent | on HN ]