But $200B market cap on less than $10B revenue?? Yes, its gross merchandise volume is higher than Amazon, but so what? If the business model cannot make money from these, it still is irrelevant. Therefore, cashier are paid close to minimal wages even though millions of dollar go through their hands each month.
This is not a short-term recommendation for buy or sell though. But these IPO madness just brings us one step closer to the bubble burst.
