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why is market cap not accurate language? Even private companies have market caps. These market caps are set in the private markets. Market cap = # of shares outstanding * price of each share. Applies to both private and public companies

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Please talk to somebody who works in finance. You will virtually never hear the term "market cap" used to describe the value of private companies. If you use this term in this context, it will be assumed that you don't know what you're talking about.

There's a reason Sam updated the language in his post...

I work in finance :) true, the term is not often used for private companies. But that doesn't make it any less real.

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