If you buy a house with a loan and pay it back, you haven't turned a profit either - but you do now own a house that has a theoretical value. That's basically how these things work, investing everything on growing the company in the hopes that some day what they have built can start creating profit, or be sold to someone who thinks they can.
Mark Hanna: Number one rule of Wall Street. Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is?
Jordan Belfort: Fugayzi, it's a fake.
Mark Hanna: Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.
RIP RIF (kbin.social)
That's it folks. RIF has stopped working....
Well, it happened a bit earlier than I expected but I'm officially here now. Hello friends 👋 (media.kbin.social)
Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)