Reply to post: Re: Just doesn't make sense to me...

What's that? Uber isn't actually worth $82bn? Reverse-gear IPO shows the gig (economy) is up

Anonymous Coward
Anonymous Coward

Re: Just doesn't make sense to me...

It's been happening since the gold rush. You don't pay what a company is worth you pay what you think others will think, that others will think, the others will think ... it's worth.

People see the profits made by early investors in Facebook, Google, Microsoft, Apple etc and think that if they get in quick they will ride out the train to millionaireville.

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