alt Hacker News> 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...
> 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...
> "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"