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"worth"

I think in 5 years 19B will look cheap to own messaging in a substantial portion of the world.

Yes, it does because it's a number of net loss. Nobody buys a business to lose money.

If they're investing in research & development - they're likely not looking at is as a loss - rather a business expense.

You mean 10%

138 million is 10 percent of 1.3 billion.