No, and it is one of a number of high profile companies that could never sustain their growth. I think there are at least two reasons for the absurd valuation.

No, and it is one of a number of high profile companies that could never sustain their growth. I think there are at least two reasons for the absurd valuation. 1) The growth in Western inequality has pushed more money into fewer hands. They are desperately short of assets to buy, so they crowd into certain assets, pushing the prices too high. 2) The Emperors new clothes effect. Nobody who has invested wants to pull out first