"Wall Street is a confidence game." - Basically this explains the stock price of a lot of companies. Once a company takes on a lot of debt or VC capital it has

"Wall Street is a confidence game." - Basically this explains the stock price of a lot of companies. Once a company takes on a lot of debt or VC capital it has to constantly chase its next round of funding above all else; once it IPOs it has to constantly chase a higher share price above all else. The actual profitability of a company seems to rarely a factor in either of these but hype always is.