Reporting by Krystal Hu in New York; Additional reporting by Joshua Franklin in New York, edited by Greg Roumeliotis and Richard PullinOur Standards: The Thomson Reuters Trust Principles. The NASDAQ 100 Index is trading at 39.5 times its price-to-earnings, the highest since 2000, as investors bet on firms benefiting from the expansion in cloud computing and remote working in the aftermath of the COVID-19 pandemic. The NASDAQ 100 Index is trading at 39.5 times its price-to-earnings, the highest since 2000, as investors bet on firms benefiting from the expansion in cloud computing and remote working in the aftermath of the COVID-19 pandemic. Some people think the deal overvalued Auth0, but it is actually lower than our multiple, Okta CEO Todd McKinnon said in an interview, adding Auth0 was also growing faster than Okta. Tech transaction volumes in 2020 jumped by 72% to $383 billion, Refinitiv data shows.
Well done with the deal, but maybe they overpays.
( z0 contrast :ARG1 ( z1 do :ARG1 ( z2 deal ) :ARG1-of ( z3 well ) ) :ARG2 ( z4 possible :ARG1 ( z5 overpay :ARG0 ( z6 they ) ) ) )
(z0 / contrast-01
    :ARG1 (z1 / do-02
              :ARG1 (z2 / deal-01)
              :ARG1-of (z3 / well-09))
    :ARG2 (z4 / possible-01
              :ARG1 (z5 / overpay-01
                        :ARG0 (z6 / they))))
Well done with the deal , but maybe they overpays .
z1 :ARG1-of z3
z1 :ARG1 z2
z0 :ARG1 z1
z0 :ARG2 z4
z5 :ARG0 z6
z4 :ARG1 z5