this post was submitted on 17 Dec 2023
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It is A metric of the company, best could be argued, absolutely best is stretching it. When company value is based on hype, over promise and lies etc, the market cap becomes less relevant and the revenue/profit are better metrics for valuation.
Theranos was valued at 9B$, just based on hype and lies.
Elon Musk is similar vaporware sales man.