Clearly they’re producing something useful, otherwise the paid revenue for these companies wouldn’t still be increasing so rapidly despite the price increases they’re pushing out.
I disagree. It’s an economic bubble: The value of these companies is being vastly inflated by a collective delusion. Those tulip bulbs were worth one heck of a lot . . . until suddenly they weren’t.
I disagree. It’s an economic bubble: The value of these companies is being vastly inflated by a collective delusion. Those tulip bulbs were worth one heck of a lot . . . until suddenly they weren’t.
I’m not talking about their value. I’m talking about companies purchasing their services, which is why I used the term Revenue and not “valuation”.