Peter Thiel-backed company stock surges despite $280 million loss

The market is officially broken when a company loses $280 million in a single quarter and sees its stock price surge 12%. Bullish swung from a $108 million profit to a massive deficit, yet investors are cheering because adjusted revenue beat expectations. Despite digital asset sales cratering by 44%, the "cross-sell" narrative is somehow masking a financial disaster. Are investors being visionary, or are they just ignoring a sinking ship? What's your take?
This summary was generated by AI