Because investors are interested in making money in the end, not some arbitrary ... | Hacker News

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		bawolff on July 29, 2021 \| parent \| context \| favorite \| on: Duolingo reaches $6.5B valuation on day of IPO Because investors are interested in making money in the end, not some arbitrary metric over if a company is behaving as they should. Whether or not this company makes sense, there are plenty of companies that have been losing money at this stage and ended up working out. (Plenty that didn't too)

mlac on July 29, 2021 [–]

Making money “In the end” (in this case) seems like a cash grab at the IPO.

And the question is whether those “plenty of companies” were valued at 6.5 BN.

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