@realroseceline@CryptoChthonic I think it’s a pretty fair consideration, one which we probably won’t ever know. Given it was negotiating tactic & dragged into mid-June have to imagine there’s a headwind from A) loss spend in the first couple weeks & B) lower take rates going forward. May just b cope of course!
@boujee_banker Yeah I personally think the biggest reach is 25x (assuming you look at it through P/FCF and not EV/FCF) in that back drop but definitely don’t think it’s a horrible play around 100. Just don’t see those returns!