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A comment on Peter Thiel sells most of remaining Facebook stake. Parent comment

Re:Peter Thiel sells most of remaining Facebook stake by nightski on Wednesday November 22, 2017 @03:05PM (#15760092)
Deserved? A market cap is based on investor sentiment, not how hard you work or even necessarily how sound your business is.

For the downvotes - are you implying that stock price is directly correlated with business performance and that the market is completely rational?

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Re:Peter Thiel sells most of remaining Facebook stake by icebraining on Wednesday November 22, 2017 @03:25PM (#15760277)
What askafriend is saying is that in this case the investor sentiment is appropriate for the soundness of the business.

If anything, it's implying the stock price is not always correlated with business performance, otherwise the statement would be redundant.

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Re:Peter Thiel sells most of remaining Facebook stake by askafriend on Wednesday November 22, 2017 @03:28PM (#15760300)
This is exactly what I'm saying.

My opinion of their business model and their performance is independent of my opinion of the product.

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