It turns out a company with $4 million in revenue and $58 million in losses might not be worth $8 billion, after all.
  • jeffw@lemmy.worldOPM
    75·
    8 months ago

    A market cap can’t really be “fraudulent”. Stock valuation has traditional methods, but meme stocks have blown the lid off of that in many circumstances. It’s still worth that much because people are willing to pay that price.