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A comment on U.S. Tech Funding – What’s Going On?. Parent comment

Re:U.S. Tech Funding – What’s Going On? by sfjailbird on Tuesday June 16, 2015 @03:37AM (#9724264)
You just described the stock market. Public tech companies that make no profit (and/or issues no yields) trade at 30 times earnings. No connection to fundamentals, but everybody just agrees that is what it should cost.
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Re:U.S. Tech Funding – What’s Going On? by mdemare on Tuesday June 16, 2015 @09:29AM (#9725559)
Profits _are_ earnings. Companies that make no profit and trade at 30x earnings, trade at 0.
[ Parent | on HN ]