Hacker News new | past | comments | ask | show | jobs | submit login

This could be an artifact of how these valuations are communicated, rather than the actual valuations. It's common for companies to not disclose their valuation when announcing funding, but for journalists to make assumptions based on rumors and educated guesses - those assumptions make their way in the headlines surprisingly often. What starts as "approximately $2bn, according to our sources", pretty soon becomes "$2,000,000.00" in an analyst's spreadsheet.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: