Any company's valuation is completely divorced from their actual ability to generate revenue, their efficiency as an organization, or the value they provide to

Any company's valuation is completely divorced from their actual ability to generate revenue, their efficiency as an organization, or the value they provide to their customers. Valuations are meaningless boasts. They're a con in the literal sense; it's a confidence game. The company's officers craft the best BS story they can, and see if they can convince any investors that the investors will make money off giving them some funding. It works a lot of the time! EDIT: the "thing that's wrong" is that money is not tied at all to innovation, growth, or productivity. It's just complicated, highfalutin horse betting.