Well, it is nice that they have released the new valuation. Do I like it? I am not sure.
"If an app to track how much dog food your dog eats gets sold for 12 billion" yes that is a little sarcasm in relation to all the apps we see getting sold for billions on the regular.
So if the Apps are getting sold and bought for that much how is it that we are only worth between 2 and 4.5 billion?
The mean value is 2.45 billion? So, nothing has changed based on our share count? Pretty much!
still 10-12$ per share.
Hmmmm. Un impressed.
This is my opinion. This last couple weeks have been really hard to watch. Maybe the sell off has been due to this valuation not being what people have expected. I personally hope to see this thing bounce big time with this news but we shall see.