alt Hacker NewsWe are so used to these numbers being thrown around in the AI era that something one needs a reminder that this is 13 billion, not million. Insane exit by HF.
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techpression • today at 4:57 AM
Was looking for this comment, the tech world has gotten completely insane with ”valuations”. I would love to hear why it was 13 and not 5. It would still be completely insane at 5 billion, but someone though they should add another 8…
80x its yearly revenue. Clearly they aren't buying HF for margins.
In fact, has HF ever wished to make money? They probably pay AWS more infra cost than they earn. The exit was planned all along.