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S&P 500
5,180.74
(
1.03%
)
US TECH 100
17,585.20
(
-0.14%
)
Dow Jones
38,852.27
(
0.46%
)
Brent Oil
82.92
(
-0.66%
)
Bitcoin
64,051.57
(
1.40%
)
Post# of 39539
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Cueva

Re: None

Saturday, 04/01/2017 6:55:49 PM

Saturday, April 01, 2017 6:55:49 PM

Post# of 39539
Market Cap is usually based on 5 year plus projections- typically 10x to 20x revenue but for some high flying non revenue companies it's based purely on projections.

It wouldn't be unreasonable for the MM with several mandated contracts to have projected income of $100M plus in five years....hence $1 billion Market Cap.

GRAB, Uber, others have extensive market analysis- they know exactly how big the moto taxi business is and it's reported to be much larger than auto app market. They know the potential value of the MM to control a market.

MM management is smart to let market develop before any announcements- obviously it's not there yet! ...or WM would be a $10 stock..
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