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slowinlast Monday at 10:03 PM2 repliesview on HN

I think "winning" means being able to live up to their valuations. The market is not big enough for all of these companies to be worth as much as they claim. In that sense they must "win" or experience massive downward adjustment in their values.


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tensoryesterday at 5:34 PM

In that case I doubt there will ever be a "winner" because these valuations are not based in reality.

iAMkenoughlast Monday at 10:07 PM

So “winning” could mean everyone experiences massive downward adjustment, but your valuation is still highest?

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