Ann: March 2020 Trading Update Q1 Results in 147% YoY Growth, page-80

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    The trade desk made $600 mill revenue in 2019
    Its market cap was over $9 billion in December 2019
    Suggesting a multiple of x15

    EN1 may make $24 mill in 2020 (was previously on course for $40 mill)
    x15 multiple suggests a market cap of $360 mill

    Hmmm...
 
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