Reading WTF by Tim O’Reilly. A chapter about Supermoney.
The Price/Earnings ratio of Amazon is 188. That mean that for every $1 profit, there is $188 in stock value. Facebook’s is 64, Google’s 29.5. Uber’s in infinite: market capitalisation of $68 billion and zero profit.
These companies have huge investment capabilities with this Supermoney.
But, one promise broken (expectation not met) and a huge value is lost. Which is inevitable. A pyramid scheme, betting on unworldly growth expectations.
Greed first.