article thumbnail

Valuation and Corporate Governance Consequences

CFO News Room

It succeeded spectacularly in attracting people to its platform, hitting a 100 million users in 2012, and then doubling those numbers again by 2013, when it went public ,with an initial public offering. Users: Numbers and Engagement. billion, well below the $9.6 The stock dropped below $6 in 2019, before mounting a comeback in 2021.

Valuation 130
article thumbnail

Musings on Markets: META Lesson 3: Tell me a story!

CFO News Room

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation.

Marketing 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Elon's Twitter Play: Valuation and Corporate Governance Consequences

Musings on Markets

It succeeded spectacularly in attracting people to its platform, hitting a 100 million users in 2012, and then doubling those numbers again by 2013, when it went public ,with an initial public offering. While total user numbers have leveled off in recent years, albeit with a jump in 2021, the daily active user count has continued to climb.

article thumbnail

META Lesson 3: Tell me a story!

Musings on Markets

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. Narrative and Value As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation.

article thumbnail

A DIY (Do-It-Yourself) Valuation of Zomato

Musings on Markets

Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum, I heard from many of you. The Prelude After I posted my valuation last week, I did find some of the portrayals of my post to be a little unsettling. Let me dispel both delusions.

article thumbnail

The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

To put these numbers in perspective, the Mag Seven companies now have a market capitalization larger than that of all listed stocks in China, the second largest market in the world in market capitalization terms. I agree, but I remain a believer that intrinsic valuation is the only tool that you have for assessing whether g.

Marketing 115
article thumbnail

Back to Earth or Temporary Setback? Revisiting the FANGAM Stocks

CFO News Room

I must admit I was surprised by my own valuations, since, given the low riskfree rates prevailing at the time, only one stock (Apple) looked significant over valued. Clearly, much has happened since these valuations. For the latter, I am reporting on the trailing 12-month numbers, to ensure that I have the calendar year numbers.)

Valuation 130