Gurley notes Lemonade, Unity, and Palantir are down 60% but still trade at 20 times sales.
“I was looking at some of the stocks that are outliers on price to sales and lemonade, unity and Palantir, which have come in 60% are still at 20 times over sales.”
Gurley explains tech valuations depend on terminal value, so existential concerns collapse price-to-earnings multiples dramatically.
“for most of these high-tech companies, the next five years cash flow are a fraction of their actual market cap, which means all the values in the terminal value.”
Gurley suggests the commenter would enjoy living in New York, responding to concerns about data center tax revenue concentration
“@vsaietta Sounds like you would enjoy living in NY.”