16 ms·
Deserved? A market cap is based on investor sentiment, not how hard you work or even necessarily how sound your business is. For the downvotes - are you implyi
by nightski 9y ago
Deserved? A market cap is based on investor sentiment, not how hard you work or even necessarily how sound your business is.
For the downvotes - are you implying that stock price is directly correlated with business performance and that the market is completely rational?
- icebraining 9y agoWhat askafriend is saying is that in this case the investor sentiment is appropriate for the soundness of the business. If anything, it's implying the stock price is not always correlated with business performance, otherwise the statement would be redundant.
- askafriend 9y agoThis is exactly what I'm saying. My opinion of their business model and their performance is independent of my opinion of the product.