this post was submitted on 30 Jun 2023
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30b and 15b original valutions for Reddit and Discord, who the hell comes up with numbers like that? I did finance as my major and while I've lost touch with a fair amout of the knowledge I've learnt, I know that the basics in equity and corporate investment means that these figures are just insane.
That's crazy. 30b is the valuation of RedHat. And they have like 10x the revenue, very steadily growing, very steadily making money, and holds a position in enterprise that is unlikely to fall soon.
Finance undergrad for me to and that number feels really out of touch to me as well.
RedHat is making waves lately too, and they're losing a lot of support from the open source community, which is where they really rose to prominence in the first place (can you say Fedora and Centos?) but while they should face a slight stumble over their final severing from the wider OSS community, they should do fine in the long term.