If you declare your company has a billion shares and I buy 1 for $1 then you hav... | Hacker News

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		goatinaboat on Sept 22, 2019 \| parent \| context \| favorite \| on: Some WeWork Board Members Seek to Remove Adam Neum... If you declare your company has a billion shares and I buy 1 for $1 then you have a valuation of... one BILLION dollars. If I later buy 1 share for $2 then your valuation has doubled. That is basically SoftBank’s business model.

Dunedan on Sept 22, 2019 [–]

Basecamp even made a headline out of it a while ago: https://www.linkedin.com/pulse/basecamp-valuation-tops-100-b...

kamyarg on Sept 22, 2019 | | [–]

> Basecamp is now a $100 billion dollar company, according to a group of investors who

> have agreed to purchase 0.000000001% of the company in exchange for $1.

Just wow, this is gold.

misiti3780 on Sept 22, 2019 | | [–]

that article is hilarious!

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