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Wish was valued at $11 billion in the last VC round in 2019. Since then Shopify is up 200% so if Wish is being valued off Shopify then $37.5 billion isn't far off. Shop's price to sales is 50x so 15x isn't outrageous for Wish. Shop is growing faster but Wish's economics are better.

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> https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds...

But Wish is in a retailer vs Shopify as a platform. I Highly doubt wish has the same value. In fact, I don't know a single instance of someone shopping wish and being satisfied. Someone will buy it, it'll probably be way over valued, and it will eventually drop back.

Shopify is a service provider, it's not a platform because it doesn't control the relationship with the consumer. Wish is an aggregator on both sides and that's why it's a platform.

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