Which really make one question the valuations that are out there. If reddit isn't at least a billion dollar company by this measure I don't know what is... Yet they continue to struggle to make operating expenses.
Well yeah, but they arguably should be part of the valuation model. I realize there's a lot of speculation, past investment history, etc. involved in the valuation, but at some point how much money a company is making and can realistically make should be part of the figuring.
