This seems to me to be an excellent example of the kind of poor thinking money promotes; do prove me wrong.
>If a lot of smart people thought WhatsApp was worth 14B
Why are they smart? Because they have billions of dollars? Because Whatsapp is valuable? Because Whatsapp was less useful before the smart people bought it?
Are you incapable of viewing the transaction of 16 billion as a possible utter mistake? As financial hand-waving assigning a liquid value to shares whose value might well be inflated?
Money is a poor measure of value. Plain and simple. Are you drawn to the volume of the transaction because you think it signifies true success?
> it's probably worth taking a second look at what WhatsApp did to get to this point.
Something I never contested and agreed with explicitly.
> Money is a poor measure of value. Plain and simple. Are you drawn to the volume of the transaction because you think it signifies true success?
Money is just a number. I can't quite tell if you're suggesting that value can't be quantified, or if you believe we could quantify value some other way that would be more functional than capital markets. Do Tell.
Value cannot be adequately quantified. At its best, money is an inadequate substitute for such a quantification that is often useful; at its worst, the failure to be mindful of that inadequacy exacerbates its inaccuracy.
>If a lot of smart people thought WhatsApp was worth 14B
Why are they smart? Because they have billions of dollars? Because Whatsapp is valuable? Because Whatsapp was less useful before the smart people bought it?
Are you incapable of viewing the transaction of 16 billion as a possible utter mistake? As financial hand-waving assigning a liquid value to shares whose value might well be inflated?
Money is a poor measure of value. Plain and simple. Are you drawn to the volume of the transaction because you think it signifies true success?
> it's probably worth taking a second look at what WhatsApp did to get to this point.
Something I never contested and agreed with explicitly.