• CheeseNoodle@lemmy.world
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    17 days ago

    The problem with that is market value is decided by some arcane process that sane people can’t comprehend, by which I mean it goes up not if the company grows or makes new/better things but if people with a vested interest believe they can sell it later for a return, similary a materially successful business can go down in flames because a hedgefund decided to bet against it and then make it pay for its own buyout forcing a bankruptcy.