this post was submitted on 13 Oct 2024
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It is hugely overvalued. We should scoff at their crazy highs instead of penalizing them for being below them. You can’t necessarily be blamed because at certain points investors wildly overvalued you. A lot of times the stock market punishes success. My employer for example doubled its business during COVID and when that spike eventually cooled off we were still on a good growth trajectory but a couple of quarters came in at negative YoY revenue and of course everyone lost their minds. This is why I always look at the zoomed out graph. It’s so easy to miss the real story looking at any one slice of it.