It is precisely the opposite of a concrete measure of anything but investor valuation. Investor valuation (or even just asset value, for that matter) doesn't have much weight when figuring out how seriously to take a CEO's words. Revenue at least has a modicum of signal of competency.
I really wish people would stop using market cap as a standin for value. Investors are incredibly stupid. Meta has actual revenue to point at.
It's a concrete measure of available resources. More so than revenue.
It is precisely the opposite of a concrete measure of anything but investor valuation. Investor valuation (or even just asset value, for that matter) doesn't have much weight when figuring out how seriously to take a CEO's words. Revenue at least has a modicum of signal of competency.
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