Valuation and other IR imponderables in a volatile industry
It's a crazy world out on the wild and woolly internet frontier, possibly the fastest-paced, fastest-changing industry that the world has known. It is a world with almost no predictability, where traditional valuation models are outdated, companies that lose money can be the most sought after, and investors are forced to compare companies that specialize in a bewildering array of products, services and business models. All this without much precedent. 'There's a lack of history to point to
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