[cogman10]

I'll do you one better, the market doesn't care about competitive advantage.

If it did, then we'd not see every company adopting this year's technobabble to get a stock price bump. How many companies this year are chasing LLMs and AI even when it has absolutely nothing to do with their core product? How about a few years ago when everyone was after ML? A few years before that when it was setting up blockchains?

Heck, how many of these layoffs going around are due to the fact that every time a company does it they get a stock price bump?

[satvikpendem]

> the market doesn't care about competitive advantage

"In the short run, the market is a voting machine but in the long run, it is a weighing machine." - Benjamin Graham

The market does care, eventually. How many of those types of companies that you mentioned are now bankrupt or out of business?