Jul. 14 at 2:12 PM
$SSTK I don't care about the merger....probably better they didn't complete it...but here is the absurdity that people are missing:
The Mathematical Absurdity Just counting Envato and Pond5 alone equals
$455 million in historical purchase value. This means that at a current market cap of ~
$311 million, the stock market is essentially pricing: The core Shutterstock.com platform (which generates hundreds of millions in foundational revenue) at less than zero dollars. All of its other major subsidiaries, such as Giphy, Bigstock, and PremiumBeat, at zero dollars. Its massive proprietary data licensing business—which has highly valuable imagery training agreements with major tech companies—at zero dollars.
