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1.Why is Wired writing about stock prices? Most of the financial media can barely understand why prices fluctuate, why does Wired think they have a better insi
by TDL 14y ago
1.Why is Wired writing about stock prices? Most of the financial media can barely understand why prices fluctuate, why does Wired think they have a better insight?
2.The stock market (particularly growth oriented firms) are about expectations. If investors are betting that an outcome is going to occur and they are wrong they will sell, it's that simple.
3.Stock price != the company. Don't confuse the two.
- deleted 14y ago[deleted]
- hnriot 14y agoI should imagine that Wired can write about whatever their editors choose, they are writing about tech companies and have done so in the past so I don't see why this should be of any surprise. Wired might very well have better insight than the financial media at large because they have intimate knowledge of the workings of the tech industry, and since the "financial media" completely failed to notice the impeding doom that was (is) the housing crisis, it's not like the established financial sources are any better at this stuff. As for #2, this shows you have no clue about how the stock market works. Life in the financial world is far far more complex than you imply.
- TDL 14y agoSince I was a trader for five years and help build an equity research firm, I think I have enough domain knowledge to stand by the assertion I made in my second point. Wired may have a much better understanding of the technology and the industries that these companies operate in, but I was discussing the fluctuations of the stock price not the relevant business lines. I will now re-iterate what I said earlier; stock price != the company. Don't confuse the two.