Professor Aswath Damodaran comments on early-stage companies using nontraditional metrics to determine their prospective profitability
—
Excerpt from Barron's -- "...in the case of companies like WeWork, which is privately held, he thinks the problem isn’t the metrics but the fact that the company is issuing bonds in the first place. 'You should never be buying bonds in a start-up,' Damodaran says."
