I've been told more than once by my employer that "this is not a democracy". They meant that staff can have opinions, but don't get to vote; they weren't talking about shareholders. But AFAIA, stockholder corporations are not supposed to be democracies - FSVO "democracy".
Investors in Faceache get no dividends; the only reason they're there is to speculate on the value of their stock. With no dividends, there's no reason for stockholders to worry about profits. They just want to see the share-price increase.
I dunno, I'm not an investor. The last two decades are littered with the corpses of social networking firms that failed. I imagine Faceache must own assets, in the form of IP and so on; I doubt their value comes anywhere close to the company's market valuation.
That valuation is suspended from the fickle thread of shareholder sentiment; so on my reading, Faceache shares amount to a bubble.
Investors in Faceache get no dividends; the only reason they're there is to speculate on the value of their stock. With no dividends, there's no reason for stockholders to worry about profits. They just want to see the share-price increase.
I dunno, I'm not an investor. The last two decades are littered with the corpses of social networking firms that failed. I imagine Faceache must own assets, in the form of IP and so on; I doubt their value comes anywhere close to the company's market valuation.
That valuation is suspended from the fickle thread of shareholder sentiment; so on my reading, Faceache shares amount to a bubble.