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That's what's broken. The fact that "value" is irrelevant. Imagine life without utility companies and imagine life without FB. It's absurd.
by infinii 13y ago
That's what's broken. The fact that "value" is irrelevant. Imagine life without utility companies and imagine life without FB. It's absurd.
- hrjet 13y agoWhat you are supposed to see there is not "value" but "profit and potential". If a utility company which provides basic necessities were to make a lot of profit, wouldn't it be sort of a bad outcome for humanity? Isn't it better if basic necessities are provided to us at the most affordable prices?
- kooshball 13y agoIt's the comparison between two individual companies in different field that is irrelevant. My point is that the valuation comparison OP posted has nothing to do with "life without utility companies and imagine life without FB".
- rsynnott 13y agoIt's extremely difficult for a commodity utility company to rival the likes of Facebook on potential profit, though (in most cases it's impossible, as most countries regulate utility costs, but even in a fully free market system there's limited room for profit margins). Share value isn't based on value to humanity; it's largely based on profit and potential profit.