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Falsehoods HN believes about market cap... Market cap has little to do with actual size of a company (employees, manufacturing capacity, ...), nor can a compan

Falsehoods HN believes about market cap... Market cap has little to do with actual size of a company (employees, manufacturing capacity, ...), nor can a company with a larger market cap automatically buy a smaller one. Especially the latter completely ignores how markets work. These mistakes are particularly egregious when you bring meme stocks like Tesla into it.

DwnVoteHoneyPot 4y ago
Especially egregious when the HN posters could take a second to look up financials on Yahoo Finance. Revenues: Tesla $75B. Mercedes $144B. Op Income: Tesla $12B. Mercedes $18B. Assets: Tesla $62B. Mercedes $260B. But according to this guy, "it could happen tomorrow".