Absolutely not surprise.
Unicorns like Udacity have extremely high valuation but are barely making any money.
Most of their spendings goes into Marketing and not actual R&D for education.
Unicorns like Udacity have extremely high valuation but are barely making any money.
Most of their spendings goes into Marketing and not actual R&D for education.
I thought that was an hyperbole. Then I checked on Wikipedia: "While not yet profitable as of February 2018, Udacity is valued at over $1B USD having raised $163M USD from noted investors".
It's never about how much money a company can make, it's only about how much someone might pay for that company. At the end of the day, a lot of startup investment is more like trading baseball cards than producing anything of actual value to consumers.
My facebook newsfeed is flooded with their advertisements lol and I don't even use the newsfeed much.