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comment by user-inactivated
user-inactivated  ·  3377 days ago  ·  link  ·    ·  parent  ·  post: Uber might be forced to behave like a company, rather than a slave driver

    Keynes straight up said that it doesn't matter what a stock is worth, it's what you can sell it for. In other words, Uber is worth $40B because the consensus is there are enough idiots in the stock market that Uber stock could be sold for $40B.

And this explains how Whatsapp and Snapchat have a stock valuation worth more than the cost of the servers.





kleinbl00  ·  3377 days ago  ·  link  ·  

Exactly. "Zuckerberg paid how much for Whatsapp? Well clearly some chucklefuck will pay at least a third that for Snapchat..."

xofaith  ·  3377 days ago  ·  link  ·  

francopoli exactly, this. I don't disagree with you at all. It all needs to just die in a fire. I like that phrase. I should use it more. Perhaps on another site that shall not be named, because those users do not contribute useful content. / end total rant of everything wrong in the world.