Question: How does a company with effectively zero revenue get a valuation of $700M?
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Question: How does a company with effectively zero revenue get a valuation of $700M?
X competitor Bluesky is being valued at around $700 million in a new funding round after explosive growth in the wake of Trump's victory
Bluesky is raising new funding led by Bain Capital Ventures that would value the social media company at around $700 million, according to sources.
Business Insider (www.businessinsider.com)
This is an astronomical sum, that can not possibly be validated on any kind of forward looking business rationale. The only answer is that Bluesky is selling it's position as the refuge for progressive social media. Herding progressive and resistance voices into a space that can be controlled, and even shut off at the next critical moment, like the next election, is priceless.
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PED...A Work-in Progressreplied to Mastodon Migration last edited by
@mastodonmigration I think this is just about control. And it is coming from a different side to even out what musk bag did to buy control, paying dearly for it. But look where he is now. This VC group is trying desperately to balance the power scales.
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Mastodon Migrationreplied to PED...A Work-in Progress last edited by
Sorry, can't understand your point at all.
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@mastodonmigration Facebook had a huge valuation well before it had the revenue to justify it. Investors are betting that the user growth will convert to profitable ad revenue in the future.
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Nothing like this.
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@mastodonmigration compare the market value and user base of X to Bluesky. It is comparable.
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Mastodon Migrationreplied to loucovey last edited by [email protected]
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@mastodonmigration Twitter’s valuation went through a similar set of impossible figures in the early years. I think it was over five years before it had a revenue stream, and well over a decade before it became profitable.
This sort of tech investment is a long game.
Also, keep in mind that it’s not so much about what the company does these days, but about what other investors do. You want to buy when the price is low and rising. If everyone sees something happen that gives prominence to the future of that company, then they all jump on the bandwagon to get part of that pie.
And these decisions are all made by algorithms and AI these days anyway.
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M [email protected] shared this topic
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Joe Alexander Marx-Mangionereplied to Mastodon Migration last edited by
@mastodonmigration They could make $700 million in ad sales in no time
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Mastodon Migrationreplied to Joe Alexander Marx-Mangione last edited by
That is not true. Not even close.
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Joe Alexander Marx-Mangionereplied to Mastodon Migration last edited by
@mastodonmigration With no current ads and demonstrated growth people would throw money at the user base. They are already begging to with this valuation.
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Joe Alexander Marx-Mangionereplied to Joe Alexander Marx-Mangione last edited by
@mastodonmigration But I guess a conspiracy is easier to believe?
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Mastodon Migrationreplied to Joe Alexander Marx-Mangione last edited by
Not going to debate it with you. We will see.
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Joe Alexander Marx-Mangionereplied to Mastodon Migration last edited by
@mastodonmigration Mine is based on what Twitter was making in ad sales. Yours is made up by you. We'll see if this conspiracy plays out and it's a limited hangout to be shut down at the next election in 4 years and that matters with Trump taking office.
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Mastodon Migrationreplied to Moof! last edited by [email protected]
Nothing like this. There is no way to mine the Bluesky user base with ads or other monetization schemes that would yield such a valuation, but not going to argue that here with you. Time will tell.
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Mastodon Migrationreplied to Joe Alexander Marx-Mangione last edited by
As you say, we will see.
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Joe Alexander Marx-Mangionereplied to Mastodon Migration last edited by
@mastodonmigration No you said that instead of giving any evidence of this fever dream
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Mastodon Migrationreplied to Joe Alexander Marx-Mangione last edited by
Right, not engaging with you. You disagree with the post. Noted.
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Blurry Bits Photographyreplied to Mastodon Migration last edited by
@mastodonmigration Oh it became pretty evident to me during my short stay on Bluesky
On average, after about ten minutes of browsing -
uBlock will show 100-150 various trackers being blocked. I've seen the count go over 300.Crap sites like RawStory always ran the numbers up, but in the amount of time browsing - They may be one of the top-100 worst data aggregators out there.
They are selling that user base outright. -
Patriciareplied to Blurry Bits Photography last edited by
@BlurryBitsPhoto @mastodonmigration Again we see that users are the "product". Thank you for the documentation.
