engdeveloper t1_ixzypse wrote on November 27, 2022 at 6:35 PM Reply to Tech's reality check: How the industry lost $7.4 trillion in one year by Fatherthinger Market cap means nothing. ​ I read an article of a now bankrupt 3 month old startup with 3 million in sales (50 million loss) with a market cap of 2.5 billion... now 0. Permalink 7
engdeveloper t1_ixzypse wrote
Reply to Tech's reality check: How the industry lost $7.4 trillion in one year by Fatherthinger
Market cap means nothing.
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I read an article of a now bankrupt 3 month old startup with 3 million in sales (50 million loss) with a market cap of 2.5 billion... now 0.