The benefit is real, but the profits are not. Companies ability to eventually make money off of this is what will decide if it stays around or not.
The benefit is real, but the profits are not. Companies ability to eventually make money off of this is what will decide if it stays around or not.
Yeah and I don’t think Zuckerberg et all will be willing to risk a steep drop in their wealth for a long period to carry on reinvesting - yea they have control but investors can still reflect their sentiment in the stock price. And the wealth of senior management at these firms is tied up in the price of stock.
This is what happened with the metaverse debacle where the share price fell below 100usd.