Supermoney, greed first

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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.

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