8389 shaares
197 private links
197 private links
Public and private investors, along with the markets themselves, have become entirely decoupled from the concept of what “good” business truly is, focusing on one metric — one truly noxious metric — over all else: growth.
How the valuation of Meta is decorrelated to some facts such as opt-in of user data in Europe.
Uber accused a loss of 1.21 billion, but the stocks is up 5% (as time of writing). Uber loses money since 15 years... "This is why we see such vast oscillations of hiring and firing - because these companies are never, ever punished for failing to operate their businesses in a sustainable way, or even with a view for the futur"
and more examples.
"Everything ventured, nothing gained"
and the argumentation goes on