They're not. They're worth less than nothing. They have never had a profitable year and they never will. Their value as a company is completely unrelated to their profitability. That's not how the stock market works and hasn't for many years.
Once you understand that basic, essential premise, you will begin to understand why the stock market is completely divorced from reality and why it means absolutely nothing as an indicator of economic health.
The share market was originally intended to be an investment based on dividends - put money in shares,hold them long term, make a good return on that money via yearly dividend payments. This is reflected in the price to earnings ratio. You should be able to make your investment back within a reasonable number of years, while still holding the shares.
But for a long time the share market has been running with average P/E ratios that are so high, you'd take hundreds of years to earn your investment back. Making it illogical to hold shares for any reason other than hoping for a speculative gain, by selling them if the share price rises significantly. Except now there are huge trading blocks using computer algorithms, high frequency trading and 'front running' (using an electronic speed edge to anticipate other's buying patterns) to suck maximum profits off price volatility. Not to mention corporate pump and dump schemes and insider trading.
All of which means... overall small investors get screwed. A rigged game in other words.
It should be illegal for companies to track and database their customers. Would that solve the problem? After all, we are supposed to be secure in our papers and persons. Why shouldn't that apply to the virual world as well.
How are any of these tech companies 'worth' billions at all? Most are valued at even more than corporations like Ford, GM and Coca-Cola, who all have tangible assets like real estate, machinery, transport, stored inventory etc. I mean, shit, if Ford went bankrupt they'd at least have some major assets to liquidate for creditors - WTF would Twitter have? A server farm?
The date is already set, we just don't know it yet. Can you feel the chaos? You can't even predict what the world is going to look like in 6... 9 months down the road. Covid? Lockdowns? Stolen Elections? A conflict could be 1 month away or 1 year, nobody knows, but we all know the course is irreversible, so conflict is inevitable.
You're not fighting to live in the America your parents (or you) had in the 40 or 50s. That's gone forever, you're fighting to shape what comes next, after the inevitable conflict.
Twitter has no choice now. We're going to burn them to the ground.
I still fail to see how Twitter is worth billions more than RSS feeds...
They're not. They're worth less than nothing. They have never had a profitable year and they never will. Their value as a company is completely unrelated to their profitability. That's not how the stock market works and hasn't for many years.
Once you understand that basic, essential premise, you will begin to understand why the stock market is completely divorced from reality and why it means absolutely nothing as an indicator of economic health.
So how does it work? Do shares have no intrinsic value, people buy them only because they know they'll be able to sell them at a higher price later?
I still believe my triple colored tulips will be worth millions per bulb any day now
Ding ding ding.
Expect to sell them at a profit later.
The share market was originally intended to be an investment based on dividends - put money in shares,hold them long term, make a good return on that money via yearly dividend payments. This is reflected in the price to earnings ratio. You should be able to make your investment back within a reasonable number of years, while still holding the shares.
But for a long time the share market has been running with average P/E ratios that are so high, you'd take hundreds of years to earn your investment back. Making it illogical to hold shares for any reason other than hoping for a speculative gain, by selling them if the share price rises significantly. Except now there are huge trading blocks using computer algorithms, high frequency trading and 'front running' (using an electronic speed edge to anticipate other's buying patterns) to suck maximum profits off price volatility. Not to mention corporate pump and dump schemes and insider trading.
All of which means... overall small investors get screwed. A rigged game in other words.
Shell game, yes.
https://en.wikipedia.org/wiki/Greater_fool_theory
Sorry, wikipedia is doing its annoying begging thing again.
AWS is extremely profitable.
It should be illegal for companies to track and database their customers. Would that solve the problem? After all, we are supposed to be secure in our papers and persons. Why shouldn't that apply to the virual world as well.
I always buy burgers only and request water. Psych!
This guys been around a while :D
Racket...
How are any of these tech companies 'worth' billions at all? Most are valued at even more than corporations like Ford, GM and Coca-Cola, who all have tangible assets like real estate, machinery, transport, stored inventory etc. I mean, shit, if Ford went bankrupt they'd at least have some major assets to liquidate for creditors - WTF would Twitter have? A server farm?
CIA and the Sauds(Doppy Prince) are propping that piece of shit up.
https://twitter.com/realDonaldTrump/status/675523728055410689
I think in Dorsey's case, we should end 420 too.
And end 666 too. Dude is straight up satanic.
Be sure to log into Twitter to see what happens next!!
The date is already set, we just don't know it yet. Can you feel the chaos? You can't even predict what the world is going to look like in 6... 9 months down the road. Covid? Lockdowns? Stolen Elections? A conflict could be 1 month away or 1 year, nobody knows, but we all know the course is irreversible, so conflict is inevitable.
You're not fighting to live in the America your parents (or you) had in the 40 or 50s. That's gone forever, you're fighting to shape what comes next, after the inevitable conflict.
Just regulate to require indeprndant moderation. Twitter allows 'advertisers' control narratives. Their business model is propaganda.