I’m not a stock expert, but given its historic lack of profitability, that value has to be primarily speculative based on its usefulness for training ai.
I would expect to see that number fall eventually.
I assume it’s also priced that way because it can be used for propaganda.
Legacy media, hasn’t made a profit for years? There’s always some rich fascist cunt or nasty foreign government willing to buy it for more than it’s worth so they can push their agenda.
It’s not about making money for them. It’s about power and influence.
Or just as a marker of how reliant a lot of web denizens are to adding reddit to end of their search for more relevant user generated data. Either way, it’s numbers will fall, as a lot of the more recent data often isn’t correct.
And some stocks have a 2:1 stock to book value ratio wheras others have 50:1. In the first case, even if the company closed down, unless the books were fraudulent you can still recover half your investment as it represents hard physical valuable assets.
I’m not a stock expert, but given its historic lack of profitability, that value has to be primarily speculative based on its usefulness for training ai.
I would expect to see that number fall eventually.
Pump and dump bud
I assume it’s also priced that way because it can be used for propaganda.
Legacy media, hasn’t made a profit for years? There’s always some rich fascist cunt or nasty foreign government willing to buy it for more than it’s worth so they can push their agenda.
It’s not about making money for them. It’s about power and influence.
Foreign?
“Our inherently good government with unfortunate rich fascist fucks in it, vs their inherently nasty foreign government”
My government isn’t particularly nasty, especially compared to some of the worst autocratic regimes, because they’re worried about the next election.
Sucks if that isn’t the case for you.
Or just as a marker of how reliant a lot of web denizens are to adding reddit to end of their search for more relevant user generated data. Either way, it’s numbers will fall, as a lot of the more recent data often isn’t correct.
All stock is speculative.
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And some stocks have a 2:1 stock to book value ratio wheras others have 50:1. In the first case, even if the company closed down, unless the books were fraudulent you can still recover half your investment as it represents hard physical valuable assets.