I don’t think many people would claim overall valuation has much of anything to do with the value labor brings to an organization.
In this case I think all it indicates is just how much the company’s stock price is driven by speculation about possible demand for generative AI, and even then I’m not sure that current price per share times number of shares divided by number of employees is a clear indication of that.
teawrecks@sopuli.xyz 4 months ago
Or more accurately, it’s a clear illustration of how overvalued they are right now.
But as the saying goes, the market can remain irrational longer than you can remain solvent.