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> The stock price is somewhat independent of the underlying business Yeah, it was. Now it will likely have to be dependent on the underlying business. At least
by unity1001 4y ago
> The stock price is somewhat independent of the underlying business
Yeah, it was. Now it will likely have to be dependent on the underlying business. At least, in the US. In Europe it was always highly tied to the success of the company's business. To profits, especially.
In the US it was more like 'this will take over the market and go big in the future'. But, a lot of major companies haven't been able to do that. From Facebook to Twitter. Not even talking about those like WeWork or Uber.