Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> It's a dumb status symbol and nothing else

If trillions of tracking dollars with a measurable boost on valuation and trading [1] and thus a measurable reduction in the cost of capital [2] is “nothing else,” then yes.

[1] https://www.sciencedirect.com/science/article/pii/S138641810...

[2] https://opus.lib.uts.edu.au/handle/10453/130246





Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: