I guess I'm old, because it still just seems like a random little microblogging site to me. What's the big deal? And why is there no open federated version? I'm not really interested in using a proprietary, single-vendor communication network.
3 words: massive celebrity adoption.
This just means that their revenue is under $1 billion, not that they are valuing at that.
But why "just under" $1 billion? They could at, like, $500 million in revenue?
Yeah, revenue != valuation.
I was thinking more in terms of 10x to 20x revenue per year as more normal.