Re:Peter Thiel to step down from Meta’s board
by colechristensen on Monday February 07, 2022 @05:01PM
(#30251957)
Just enough built up negativity that caused a transition in public (and market) sentiment.
The markets aren't all that efficient or things like this wouldn't happen. Markets underestimated obvious risks and those risks reached high enough levels that there's a bit of a run to be the first out the door.
Re:Peter Thiel to step down from Meta’s board
by XorNot on Monday February 07, 2022 @05:24PM
(#30252218)
Markets also don't play the company, they play the other participants: even if you thought Facebook was overvalued, you're still incentivised to wait till everyone else has figured this out.
The markets aren't all that efficient or things like this wouldn't happen. Markets underestimated obvious risks and those risks reached high enough levels that there's a bit of a run to be the first out the door.