Hacker News new | ask | show | jobs
by apahwa 1699 days ago
they don't need to justify there existence, they need to justify their market cap. they attained that market cap via the dreams outlined in your article quote - it is reasonable to then question the value of the stock.

all companies have to justify their value - some have less clear justifications and that means more discussion. this isn't the conspiracy you make it out to be.

2 comments

Technically they don't need to justify their market cap, the market assigns their value for them by trading their stock.

There's no need to "argue" a companies value, you speak best by shorting/longing.

>they need to justify their market cap

Why? It's market forces controlling the price, they aren't driving the hands of players.