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by munk-a 2294 days ago
Company's welfare is somewhat connected to their stock price, but it's a really weak relation. The stock market is mostly a gambling simulator that runs beside the economy as it's own little micro-economy - this doesn't make it worthless but it does make this sort of a statement ring really hollow.
3 comments

The connection with the real world is made whenever a company floats some of their stock.
It's like fantasy basketball vs real basketball
These days companies are VERY tied to quarterly EPS guidance and stock prices. Layoffs and adjustments closely follows that as well.