May 17, 2019

Quora is somehow worth $2 billion

Quora, the website where random people answer questions posed by other random people, has been valued at $2 billion — 100 times its revenue in 2018, according to Recode.

Why it matters: "It's a financing round that, in the eyes of some Silicon Valley investors, speaks to the high valuation for virtually everything these days in the tech sector," Recode reports.

What's new: The company is in the process of finalizing a $60 million investment round led by Valor Equity Partners, a private equity firm linked to Elon Musk.

Buzz: "Just this week, a high-end direct-to-consumer luggage company, a Facebook-for-your-neighborhood social media site, and a meatless hamburger alternative all announced fundraising rounds that valued them at over $1 billion, making them so-called 'unicorns,'" Recode's Teddy Schleifer reports.

Go deeper: Sky-high IPO valuations inspire housing crisis flashbacks

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