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Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 week ago

A deli said to be making $35,000 in sales in said to be worth $100 million in the stock market. How does something like this happen?

Is it worth that much money somehow without the sales?

3 Answers

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  • 7 days ago

    It doesn't.  That sort of income could not possibly put any company on any stock market.

  • Anonymous
    1 week ago

    It is speculation.

    This is brought to an extreme with large corporation like Apple for instance: $2.27 TRILLION market capitalisation, while sales are $274 billion, net income $57 billion, assets $324 billion and equity barely $65 billion. Why would someone pay $2270 for something that is worth only $65?

    But  going even beyond that is something like the bitcoin. Bitcoin does not have ANY asset, its value is ENTIRELY determined by how much someone else's willingness to  pay $55200 to get one.

  • 1 week ago

    35k a day... Blood sweat and tears.. Try it sometime  

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