>Ikea market cap is only around $16 billion How is this possible?Ikea is a massive fucking institution, literally everyone I know has bought a shit-tier couch, mattress, or chair at ikea at some point and it's worth like a third of twitter at its lowest point?The tech market size is retarded, they don't produce or sell anything of value, I don't understand any of this
>>59611380what's the ca?
>>59611380I've never even seen an IKEA in person.
producing value/utility is bearish so im surprised to learn it's valued so highly
>>59611380I know no one that has ikea crap. I've only ever seen one from a distance, and forbade the driver from even entering its parking lot.Perhaps all you know are chutney-ferrets, and chutney-ferrets only make up perhaps 3% of the global population.Perhaps this is the answer to your conundrum.
>>59611380The answer is always very simple, two words : Clown World.
>>59611380It's a boring stock.
>>59611502people get confused and think intrinsic value is somehow correlated to stock prices. they're not. walmart, a store that over 50% of all americans shop at every month, is worth 20% of facebook, a company that literally produces nothing. markets are not rational.
>>59611380Will it have double the amount of stores soon? Can it grow exponentially?
I love my Markus Chair. No other company can create a chair that people call it by its name
>>59611470what is CA?
>>59611380Google "tulip mania"
>>59611668>>59611647>>59611502>>59611527>>59611490IKEA isn't a publicly traded company>You can't buy Ikea stock because it's a private company owned by a foundation (Inter Ikea Foundation) with the express purpose of protecting its independence. Given that ownership structure, investors might never get the chance to buy shares of Ikea in an IPO.it has revenue around 25 billion:>total revenues reached 26.5 billion euros (about $27.9 billion at the exchange rate in late 2024)and profit around 2 billion: > Net income rose to 2.2 billion euros ($2.3 billion) in net profit for its fiscal year, up from 1.6 billion euros (almost $1.7 billion) in the previous year.
>>59611527Wait I'm wrong, you can't even buy the stock, because it's a privately held company. I thought it was listed on a stock exchange.
>>59611380>i know people that bought something from a store that mean company should be worth 100 trillion dollarBiz is clinically retarded
>>59611717you know that making up a guy in your head that said something no one has ever said in reality, isn't the same as making a coherent argument right? go back to twitter retard.
>>59611775>ikea is a massive institution and should worth 100 gorillion dollars because i said so okBiz is clinically retarded
>>59611470this post made me laugh much more than I expected
>>59611694This, and it's basedStocks are for niggerfaggots who are slaves to cults of personality. If you want this kind of vaporware, just enter crypto
>>59611822lmao only to do it again. you are like a broken bot
>>59612010>ikea should be worth a hundred gadrillion dollars more than google because tech companies are ummm really bad and stuffBiz is clinically retarded
>>59611832why? is it a joke or something?
