The IRL answer here is that it doesn’t matter if it actually makes money / creates value in the long run, it only matters if the investors think it will, or if the c-suite think the investors think it will, or if the current investors (looking to sell) think that future investors (looking to buy) think it will.
The IRL answer here is that it doesn’t matter if it actually makes money / creates value in the long run, it only matters if the investors think it will, or if the c-suite think the investors think it will, or if the current investors (looking to sell) think that future investors (looking to buy) think it will.
Exactly, just look at every bubble in the economy. Like AI currently.