I think in the old days people realized a startup had to sell real products and have real revenue and profits, your stock would only be worth anything at the IP

I think in the old days people realized a startup had to sell real products and have real revenue and profits, your stock would only be worth anything at the IPO if the company had solid cashflow. Now there are so many tech companies that will never make any money but somehow are worth millions or billions, most tech workers really dont care about company profits because it doesn't affect them.