Amazon stock (or most growth stocks) is no different from "useless governance token".
Amazon doesn't give dividend. Being a share "owner" is in name only, w/ no benefit except hoping other people'll bet on it too so price go up.
All risk asset market valuation is mostly a meme
I'm thinking on Threads and why there were a huge amount of initial users... The existent users database.
that's what Lens allows for everyone that wants to launch its vision of a social network.
At this moment there is a few amount of features, but I hope this will grow during this bear market.