It turns out a company with $4 million in revenue and $58 million in losses might not be worth $8 billion, after all.
  • Ilovethebomb@lemm.ee
    38·
    3 months ago

    It’s worth what people are willing to pay for it. We know how much a share is trading for, and we know how many shares are in circulation, therefore the company is worth X.

    Most people don’t think it’s worth that, but most people aren’t buying stock.