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You just described the stock market. Public tech companies that make no profit (and/or issues no yields) trade at 30 times earnings. No connection to fundamenta
by sfjailbird 11y ago
You just described the stock market. Public tech companies that make no profit (and/or issues no yields) trade at 30 times earnings. No connection to fundamentals, but everybody just agrees that is what it should cost.
- mdemare 11y agoProfits _are_ earnings. Companies that make no profit and trade at 30x earnings, trade at 0.