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If you think this is crazy, take a look at the IPO WDAY. Same market cap as NFLX at $9B, no earnings, and measly revenues of $200M. If that isn't overvalued, I'm not sure what is.
Numbers and reality have nothing to do with the price of this stock. People are just placing bets in the world's largest casino.
People who measurefuture value a opposed to waching theincrease of 70% which is inconsequential to future value if it is there.