Flexport was last valued at $8B in 2022. Shopify Logistics or Deliver was acquired by Shopify for $2.1 billion at peak in 2022. But sold to Flexport in May 2023 for $700M-1B. That essentially means that Flexport would have been valued at $15-16B at market peak in 2021 based on it's current financial metrics and future growth. Meaning taking today's Flexport with Dave Clark as the CEO back to 2021 IPO would have made Flexport valued at 15B?
What?!?!
Make perfect sense. Stop sleep typing π
How the heck does this company make money making a crud app for trucks and ships ?
What??