this post was submitted on 19 Sep 2023
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Thank you for poating more examples of capitalism being an absolutely miserable and abject failure at everything it claimed to do.
The entire concept of "projected growth" and "company valuations" is the opposite of a market. Extraction of value is the opposite of creation of value... And stocks have repeatedly shown themselves to be entirely unrelated to the health if the company or value of it's products..if there even is an actual product.
I think the moon monkeys and GameStop showed, beyond a shadow of a doubt, that modern stock markets have absolutely nothing to do with raising capital to support entrepreneurship.
It's just a big casino, rigged so the house wins, and the only way to win is cheat the house using it's own rules.
Well, shares are company value, not product value. And companies are valued by their ability to create value. A terrible decision usually doesn't mean much, and share price fluctuation is mainly speculative in nature. A large company may survive a bad CEO, and create value down the road. Even a crashing company has value, as it may be split and sold with a profit, turning shares into cash.
All in all, as much as I hate, EA for example, they have a strong position and can easily eat up failed releases for years to come. Many of their releases are payed off with only pre-orders.