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Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings
(www.businessinsider.com)
this post was submitted on 04 Aug 2025
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Sometimes it is but no the stock market is often very unanchored from any real sense of value and as a result all of the money involved becomes a part of something unreal that will catastrophically collapse at a later point.
Exhibit A) See Uber, it isn't even a business in any pure capitalist sense since it has never or almost never turned a profit.
No, the macro-economic function of the stock market is to determine the capitalist value of things, the stock market IS the hallucination at the center of the value of currencies like the US dollar.
You clearly believe in some magical power of rationality to the stock market like people believe in God, I can only debate you so far before your rhetorical defenses become purely emotional and based on feelings not facts.
The only one making irrational arguments is you. I think you have some ideological points you want to score and are therefore not looking at what is being commented or grasping the reality of financial reporting.
How do you know Uber isn't profitable? Because Uber is reporting it is not profitable. The question that started this thread is whether Microsoft is accurately reporting its profits. It is. So is Uber.
Whether the stock prices are irrational is irrelevant to the question.