• NewNewAccount@lemmy.world
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    7 months ago

    this wild IPO valuation is indicative of fraud of some kind…

    My impression is that you have no clue what you’re talking about. Be real, are you talking out of your ass here?

      • Ilovethebomb@lemm.ee
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        7 months ago

        It’s worth what people are willing to pay for it. We know how much a share is trading for, and we know how many shares are in circulation, therefore the company is worth X.

        Most people don’t think it’s worth that, but most people aren’t buying stock.