Comment by phoghed
10 hours ago
We all know all the valuations are fake. Elon taught us this lesson well. Let’s not pretend they don’t have a gorillion users though, including every enterprise on earth.
10 hours ago
We all know all the valuations are fake. Elon taught us this lesson well. Let’s not pretend they don’t have a gorillion users though, including every enterprise on earth.
right, but when someone says the "market value" it should be distinguished between the public market that has a bunch of rules, insight, etc vs private equity which is a bunch of people who are directly liable for that value.
One of them has some kind of regulatory control, even if shitty, the other is basically just a bunch of greedy bastards with no oversight.