A company is valued by what somebody is willing to pay for it.
So kind of, yes.
Comment on Downdetector and Speedtest have been sold for over $1 billion
Alexstarfire@lemmy.world 1 day ago
Do people just make up numbers for what companies are worth? I don’t see how either of these are worth much of anything.
A company is valued by what somebody is willing to pay for it.
So kind of, yes.
Speedtest probably gets billions of visitors a month, thats a lot of IPs and browser data you can harvest and sell.
homes@piefed.world 22 hours ago
Yeah, this makes me immediately suspicious