At $10 the company will have a market cap of about $20 billion, which is pretty low for a company with a billion monthly active users
I think you're making the mistake of backing into the valuation based on an arbitrary statistic they tell you is important. Who cares how many monthly active users they have if they can't make any money off of them. They could have six billion people using their service, but if they can't generate revenue from them I wouldn't pay $5 for the stock, regardless of how much potential they claim they have.
If all those users have the potential to generate massive revenue, fine... then prove it. Then maybe I'll buy the stock, but in the meantime here's no reason to rush in based on promises and "potential".
I think you're making the mistake of backing into the valuation based on an arbitrary statistic they tell you is important. Who cares how many monthly active users they have if they can't make any money off of them. They could have six billion people using their service, but if they can't generate revenue from them I wouldn't pay $5 for the stock, regardless of how much potential they claim they have.
If all those users have the potential to generate massive revenue, fine... then prove it. Then maybe I'll buy the stock, but in the meantime here's no reason to rush in based on promises and "potential".