Comment by happytoexplain
6 days ago
The way the market has moved away from valuing "just a good product" (and, by extension, "just a good service", "just a good business", and "just a good employee") is one of the factors destroying life as the developed world has known it for 80 years.
the market didn't. The investors did
I guess I think of the investors as more representative of "The Market" than the traditional entities (producers, consumers) - which is the whole problem.
Investors are not part of the market?
The investors? They were part of the market. But after the front fell off they’ve been towed outside the market.
And it’s perfectly safe out there. There’s nothing out there but mission statements and TAM slides and pea-protein slurry.
And $1.8 billion of burned cash.