this post was submitted on 24 Feb 2024
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Because the stock market is a scam and whoever is valuing these companies so high is clearly in on it. Any company that has no profit ~~is~~ should be worth nothing in an IPO.
Edit: strikethrough, to be more clearly an opinion.
How much is it worth for the power to push an agenda onto 850,000,000 people?
Subjective. To whom? That’s the big question. When valuing a company, logically you look at the books. If the books say they cannot survive without continuous investment, they’re not a good financial investment.
You cannot measure the value of Reddit having a lot of users who could, in theory, leave at any moment. It’s not something that can have a value. Therefore it’s made up.