I'm a big fan of Ring doorbells, but I'm staggered the company is worth $1 billionhttps://www.theverge.com/2018/2/27/17059664/amazon-ring-acquisition-smart-home-security-cloud-cam …
If someone's just bought you for $1 billion, you're now worth it ;)
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mate i know, its batshit crazy isn't it ? valuations not based on profit and loss anymore, just what people think
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I'd be surprised if it were profitable.
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See that's the thing. It won't be, just something else to add to the shiny shiny portfolio. At least M$ buying Skype made sense to get hold of their backend networking infrastructure but Snapchat ?
End of conversation
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