Unicorns maybe less valuable than they claim to be

Unicorns companies is a term for private companies that are said to be worth more than $1 bn

Uber is said to be worth $62.5 billion. Airbnb is valued at $31 billion. Elon Musk’s SpaceX Technologies is valued at $21 billion, and Pinterest at $12.3 billion.

Those eye-popping valuations regularly fill articles and water-cooler conversations in Silicon Valley, all under the umbrella of “unicorn” companies — a term for private companies that are said to be worth more than $1 billion. That moniker now applies to at least 135 businesses, making the descriptions of them as unicorns, well, less apt. (Maybe donkeys?) Early investors and employees spend countless hours calculating and recalculating how much their stake is worth.

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