I've heard this before: "The product isn't the product. The stock is the product." This can be true in VC-backed private companies too, but with public compani

I've heard this before: "The product isn't the product. The stock is the product." This can be true in VC-backed private companies too, but with public companies it seems to be even more amplified since the investors unlike angels/VCs often don't even know let alone care what the company really does.