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submitted 3 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[-] TachyonTele@lemm.ee 0 points 3 months ago

valued at $157 billion

Isn't profitable

Pick one.

[-] sugar_in_your_tea@sh.itjust.works 1 points 3 months ago

Profitable means your revenue is higher than your expenses. Valuation is whatever someone is willing to buy your business for (i.e. what they think the company could earn in the future). They are completely separate concepts, and a highly profitable company could have a low valuation while an unprofitable company can have a high valuation based purely on the future potential of the company.

this post was submitted on 19 Jan 2025
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