4 ms·

Market cap doesn't equal what people have purchased. See this classic from 2015: https://medium.com/signal-v-noise/press-release-basecamp-valuation-tops-100-b

• rambambram 1y ago
  I remember this one! Already 10 years ago, wow.
• 0cf8612b2e1e 1y ago
  In order to determine the valuation of companies, Bhatnagar typically applies the following formula: [(Twitter followers x Facebook fans) + (# of employees x 1000)] x (total likes + daily page views) + (monthly burn rate x Google’s stock price)-squared and then doubles if it they’re mobile first or if the CEO has run a business into the ground before. Beautiful.