How is Trump's Phony Media Company "Worth" $7 Billion?
What A Day
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Navigating Company Valuation and Market Perceptions
Exploring how company valuation is influenced by market perceptions and collective beliefs rather than core business metrics, using GameStop's stock saga and Trump Media as examples. The chapter also discusses the impact of market irrationality, incentives, short selling, online trading platforms, and speculative investments like cryptocurrency.
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