I was thinking about the same thing. It seems this stock is completely disconnected from the fundamentals and that's what allows it to go so high (And make the

I was thinking about the same thing. It seems this stock is completely disconnected from the fundamentals and that's what allows it to go so high (And make the founder//VCs rich). If we push this logic to the extreme, what would prohibit a stock to be completely uncorrelated to the company it represents? What if at some point a stock is traded based purely on the hype and the idea that someone else will eventually buy it for even more eventually later on? This seems to be what's going on with this IPO, it is 100% speculation that someone dumber than you will eventually buy it for even more. Back in the days dividends and voting rights were used to keep the stock inline with the company's fundamental, but in this specific case, why is the stock related at all to the company since there are no voting right nor dividends?