US Startup Tech Company valuations, page-8

Cocokat,
Just think of all the price/earnings ratios of US tech stocks that have no profitability and very little revenue, take a look at Instagram, brought for $1B, whatsapp purchased for $19B, I know these were private companies but they are no where near worth that if they were a manufacturing or mining company, so the price that this stock is at is pretty reasonable for their growth prospects, have a look at the cannacord genuity report and you'll see the value, 1.1 billion profiles, that is amazing