orlando was removed from his position of ceo/cfo late last year. He remained on the board of directors though because of his shares. The paraphrasing of the article author gives people the impression orlando was recently fired. I don't believe that is true.
And I've written about valuing a company with the MC and claiming 10 billion value. This is a invalid parameter that is only used for pumping stock. MC only uses the stock price at any point in time multiplied by the outstanding shares of that period. It is an empty metric devoid of any fundamentals at all. Today's 'mc' would be under 3 billion with a pps of 46 dollars. That article was written over a month ago when the price had been in the 60-70's.
The problem with mc/mv is the tendency for less than educated traders is to assume that is also the value of the company itself. It is not, ever. But pumpers let people believe that. That's what I've railed about. The intentional misinformation.
The market value, or “market capitalization”, is the fair value of a public company’s common equity, which can be expressed as a standalone metric or on a per-share basis.
The market value of an underlying asset—the shares issued by a publicly-traded company that represent partial ownership in the issuer’s common equity—depicts not only the general perception by the financial markets on how much each share is worth, but the actual prices paid.
That said, the share price of a company is ultimately set by market participants who engage in transactions in the open markets.