There's two definitions of "worth" being used here. The investment definition and the laymen's definition. The layman probably adds up all the IP, assets, even the chairs the programmers sit on and comes up with some number << $3b. A more sophisticated layman might even look at revenue and growth and project out 4-5 years and still come up with some number << $3b.
The investor does some other kind of magic math and whatever because it's worth whatever somebody's willing to pay for it anyways so why bother?
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There's two definitions of "worth" being used here. The investment definition and the laymen's definition. The layman probably adds up all the IP, assets, even the chairs the programmers sit on and comes up with some number << $3b. A more sophisticated layman might even look at revenue and growth and project out 4-5 years and still come up with some number << $3b.
The investor does some other kind of magic math and whatever because it's worth whatever somebody's willing to pay for it anyways so why bother?