There was a thread earlier today about the stock market. It referenced
Twitter. Twitter is a company that is bleeding millions of dollars. They have never turned a profit. They are literally worthless. Except on the stock market. There they have a multi billion dollar market value.
The author asked “how do you explain this”?
When facebook was about to IPO, I made a statement on fb not
to buy, that usually they sell their company when they know it goes down. Indicated that the stock would go down right after the IPO.
Facebook hid my post from public view. Then on Drudge the post ipo showed FB stock crashing.
So, the only reason imo that Twitter is up on the stock market is because they pulled a similar scam and idiots are buying it, along with federal reserve cash flows being intercepted to float the market during Obama years while transaction volume was nil
“The author asked “how do you explain this”?
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Simple. First it has happened many times in the past. The market lives in the future and assets of these companies are purchased based on expectations of future value.
Take a look at TESLA. The company shares are unbelievably high ($314.07) in price and yet TESLA has never made 1 penny in profit.