Is there really so much money in SO to justify $1.8B? AFAIK they just run some some ads and show relevant job offers.
all the other pundits miss that if the deal was for existing source of revenue, it would have been priced as modestly as those are.
The seller and buyer both agree that the promise of something else is what was traded, as the price proves.
It has been show time and time again that users of free websites likes this won't pay and ads are only worth so much.
There are likely a lot of companies with lower revenues and higher valuations.