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It would only a surprise to people who may believe that companies are worth what they're valued, people who do not understand that investments are bets. Ever h
by bigbugbag 9y ago
It would only a surprise to people who may believe that companies are worth what they're valued, people who do not understand that investments are bets.
Ever heard of bubbles ? Well they inflate until they burst in a poof where a few trillions disappear.
Remember the dot com bubble bursting at the beginning of the 2000's ? Expect something similar in a not so distant future as the bubble cycle repeats itself.
So yes a 69 billion dollars market valuation for a company does not mean anything other than investors made a bet this company would somehow pay them back their money plus extra at some point.