5 ms·
It sounds like you're trying to get to their enterprise value (simplified as market cap + debt - cash), but market cap is market cap (value of outstanding share
by roin 13y ago
It sounds like you're trying to get to their enterprise value (simplified as market cap + debt - cash), but market cap is market cap (value of outstanding shares). They also own other large assets such as their building in SF.
With revenue of $231M last quarter their market cap looks pretty bad. But that's expected given their trajectory.
- 6thSigma 13y agoRight, I was pointing out that their huge cash pile is a large reason for that high market cap despite their decreasing revenues.