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Money is real. Privately held company valuations are not. This is an all-stock deal, so what it's "worth" is entirely in the eye of the beholder. Its value rise
by rchaud 1y ago
Money is real. Privately held company valuations are not. This is an all-stock deal, so what it's "worth" is entirely in the eye of the beholder. Its value rises and falls based on how long the hype train can keep running, or how much they can offload to Mayasoshi Son and Arab Gulf sovereign funds.
- boxed 1y agoIf I was Ives, I'd sell some of that stock.
- jen729w 1y agoIf you were Ive, you wouldn't need to.
- mrcartmeneses 1y agoNeed != want
- 6stringmerc 1y agoTesla at a PE in the neighborhood of 200 also isn’t real - public valuations are insane as well. The US economic system is completely unhinged from reality.
- etruong42 1y ago> Its value rises and falls based on how long the hype train can keep running Exactly - money is hype. Hype is money. Which goes into the foundation of money to begin with: confidence and faith. And the levers of power which move that confidence and faith are decreasing in number and increasing in length/leverage.