[joewadcan]

Markets are irrational in the short term for sure, but very good allocators of capital long term.

re: Twitter Price is just the last transaction to clear and the buyers can make that transaction for a million reasons, some of them betting that intrinsically the price doesn't reflect their value of the company. Seems fine to me. Wrong in the short term now looking back, but a million other things may have happened differently (TikTok could have been banned, Musk could have taken over differently, Macro trends could have reversed...etc)