Re:Worker pay isn’t keeping up with inflation
by pgwhalen on Friday December 17, 2021 @05:08PM
(#29598962)
> Snapchat's valuation doesn't give them buying power
This isn't true in practice. Sure, company stock is not as great as the almighty US dollar, but can be used to purchase other companies, and its valuation directly affects how much cash the company can raise.
This isn't true in practice. Sure, company stock is not as great as the almighty US dollar, but can be used to purchase other companies, and its valuation directly affects how much cash the company can raise.