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I discovered last night that my company's stock price is higher than Ubi's and we've lost 75% of our value over the last few years. Doesn't seem good.
by vips7L 9mo ago
I discovered last night that my company's stock price is higher than Ubi's and we've lost 75% of our value over the last few years. Doesn't seem good.
- elromulous 9mo agoStock price by itself is meaningless. Instead what you want is market cap (number of shares x share price).
- lagniappe 9mo agoJust curious, why do you stick around on a sinking ship?
- vips7L 9mo agoFinding a job is hard and I'm picky about the technology I work in.
- lagniappe 9mo agoThanks for the reply. Wishing you luck, in either your company turning around or a new opportunity finding you.
- vips7L 9mo agoThanks :) I've been applying but it feels like yeeting my resume into the void. I'm also staff level and those roles are fewer to come by. I suspect that I will have to settle for a higher paying senior role, which may not be that bad.
- RobRivera 9mo agoMarket cap pls
- vpribish 9mo agothat's not how stock prices work. look at the market cap or the multiple of it over revenue / profit / employees / whatever comparable metric
- vips7L 9mo agoIt's anecdotal, I'm not asserting anything about how stock prices work. I merely pointing out something I didn't expect. Jesus I hate this forum sometimes.
- prewett 9mo agoThe problem is that comparing two stock prices is meaningless; it's comparing apples to oranges. People are commenting that your conclusion (Ubisoft's stock price is less than our stock price, which dropped 75%, so Ubisoft has a problem) is a logical fallacy. This is the finance equivalent of a divide by zero error.
- vips7L 9mo agoJesus Christ it’s not a logical fallacy. Ubisoft does have a problem. They’ve lost 95% of their value. Outside of that I was merely commenting about my surprisal that a house hold name like Ubisoft was doing so poorly. Stop taking things in such absolutes.
- fc417fc802 9mo agoIt's not that people are taking things in absolutes. I think everyone agrees that stock price siding so far is a very bad sign. You specifically made a direct comparison between your employer's and Ubisoft's absolute stock prices. That's what people are calling out, and for good reason. It is fundamentally not possible to compare stock price directly like that. Literally meaningless. Stock prices as lone numbers are completely arbitrary. If a company feels that the price per unit is too high or too low they can even do merges and splits, ie multiplying the number of shares by an arbitrary value of their choosing.