alt Hacker News> a casual 1300% revenue growth in under 4 years for a company that is already valued in the hundreds of billions.
Such a weird sentence. The correct causality should be: It's valued in the hundreds of billions because the investors expect a 1300% revenue growth.
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Investors are valuing it at ~$500B, which already projects massive revenue growth. OpenAI is saying "actually we are going to grow 10x faster than that". And all of this is without bringing up the “profit” word.
How much money was WeWork supposed to bring in when they were valued at $50 billion and it dropped to $10b when they put out their S-1 and faced some public scrutiny for the first time? This happened before covid and the switch to WFH. Were their investors unaware of their actual finances?
Oracle said something very similar, a short while ago. Besides a short lived peak, it didn’t do any good to their stock thus market valuation.
And if we all buy umbrellas, then it will start to rain??