Puck 融资2.5亿美元：估值合理吗？下一步该做什么？
Puck 拟以约2.5亿美元估值从 RedBird Capital 融资，三年前的估值仅7500万美元。作者拆解了 Puck 和 Air Mail 的订阅与广告收入，推算2026年总收入约3440万美元，7.3倍营收倍数对媒体公司偏高。建议 RedBird 入主后重点发力线下活动，对标 Semafor 的现场新闻模式，打造科技界顶级峰会。 
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