Can a company, which was started in 2009, has 55 employees and no revenues be worth $19 billion dollars? The answer is YES, and NO depending on how you look at it.
For traditional thinking investors, this valuation defies everything we thought we knew about how to value a company. As a comparison, companies with similar market valuation include: HJ Heinz, CBS, Yahoo!, PG&E, Charles Schwab, Marathon Oil, Allstate, Kellogg, T. Rowe Price, Sun Trust to name a few. Mostly companies with strong brands that have been around for a long time and have a proven track record.