lol understand where you are coming from but look at the upcoming IPO of snapchat and look at what valuation instagram and whatsapp were sold/bought for.
I understand they are a bit 'different' but tech companies are valued in this manner i.e.
ability to disrupt and potential to reach the masses.
just imagine them launching in other countries as well... could be a HUGE play.
i mean look at REA.. its just a platform but it is in the billons of market cap..
the population of the US is significantly higher than Australia and their population is the most transient in the world as their CEO David Greenberg points out.
Also note that Fidelity have invested in them, along with Resapp. Both are viewed as quite disruptive in nature and with strong management.
Let's see what comes of it!
Add to My Watchlist
What is My Watchlist?