Today I was idly scrolling through the Stocks app on my phone to see if there was anything I should write an insightful thought piece about. When I noticed that PacBio’s market cap has dropped below $1B. I don’t have a particularly nuanced view on market caps. But in general view them as “a lower bound on any potential acquisition price”. Given that Illumina previously
PacBio Market Cap <$1B
PacBio Market Cap <$1B
PacBio Market Cap <$1B
Today I was idly scrolling through the Stocks app on my phone to see if there was anything I should write an insightful thought piece about. When I noticed that PacBio’s market cap has dropped below $1B. I don’t have a particularly nuanced view on market caps. But in general view them as “a lower bound on any potential acquisition price”. Given that Illumina previously