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How valuable is a 'unicorn'? Maybe not as much as you think

UBER is said to be worth US$62.5 billion. Airbnb is valued at US$31 billion, Elon Musk's SpaceX Technologies, at US$21 billion, and Pinterest, US$12.3 billion.

Those eye-popping valuations regularly fill articles and water-cooler conversations in Silicon Valley, all under the umbrella of...

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