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scarabic ,

You’re right that stock price is something.

Companies serve three groups:

  1. customers
  2. staff
  3. shareholders

Stock price measures #3. And one out of three is a pretty shitty overall score.

Before someone tells me that shareholders are everything, and that this is capitalism, I understand your point but if any of 1, 2, or 3 stop participating, the company stops functioning. All three must be served. You just waved aside staff as a bag of feelings, but they literally do everything at the company.

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