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▲ npc99 2 hours ago

> They are. That's the problem. The obligations that these companies are, on paper, supposed to meet require these valuations.

How does that make sense lol

"it owes a bunch of people money, so it should be worth more"

i don't...

▲Eji1700 2 hours ago | parent [-]

> "it owes a bunch of people money, so it should be worth more"

"it owes a bunch of people money so the only way for it to not be insolvent is it must be worth X, and if we're talking lower than X this is already a problem"