3 ms·
What does it mean when a company's core competencies are degrading but the valuation of their company on the public market is higher than ever?
by ipnon 2y ago
What does it mean when a company's core competencies are degrading but the valuation of their company on the public market is higher than ever?
- tithe 2y agoThat the fundamentals have changed?
- ipnon 2y agoYes, I think it all hinges on whether LLMs ultimately converge towards intelligently cutting through the blogspam dead Internet or diverge towards a Web where all content is fake and going online is mostly an exercise in feeling uncertainty and confusion. Is the course of artificial intelligence flattening out on a sigmoid or have we merely met a hiccough on the way to exploding nil cost super-intelligence?
- StanislavPetrov 2y agoThere are way too many dollars out there is way too much liquidity in the market.
- aiauthoritydev 2y agoIt generally means your premise might be seriously wrong.
- ToucanLoucan 2y agoThat what succeeds in the market has between everything and zero correlation to it’s actual value. Sure, the market gets it right sometimes. Other times it’s as hilariously wrong as LLMs. Everybody remember Juicero? NFTs? How about Theranos? FTX? WeWork? Tech is addicted to hype bubbles. Like any addiction it drives poor decisions.
- eesmith 2y agoEnron.
- a_bonobo 2y ago"Markets can remain irrational longer than you can remain solvent" :) Same for Tesla, isn't it? Their valuation seems to be mostly based on future promises and hype.
- postepowanieadm 2y agoThey still may sell carbon reduction, as they did to FCA.
- whamlastxmas 2y agoLiterally every stock price is based off expectations of future performance