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He leads a Trillion dollar company that employs a lot of AI scientists and researchers.
by throwawayffffas 3mo ago
He leads a Trillion dollar company that employs a lot of AI scientists and researchers.
- throwaway27448 3mo agoI really wish people would stop using market cap as a standin for value. Investors are incredibly stupid. Meta has actual revenue to point at.
- throwawayffffas 3mo agoIt's a concrete measure of available resources. More so than revenue.
- deleted 3mo ago[deleted]
- throwaway27448 3mo agoIt is precisely the opposite of a concrete measure of anything but investor valuation. Investor valuation (or even just asset value, for that matter) doesn't have much weight when figuring out how seriously to take a CEO's words. Revenue at least has a modicum of signal of competency.
- throwawayffffas 3mo agoInvestor valuation directly correlates to capital availability both in the sense of available capital to be raised in the market and as credit lines. And this is Meta we are talking about not Tesla, it's P/E is like 20 something. The valuation is very reasonably correlated to the earnings.