147
What isn't illegal but should be?
(lemmy.world)
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this post was submitted on 26 Jul 2024
147 points (96.2% liked)
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I'm envisioning stock as a sort of non-transferable contract between you and a company. There would be no way to pass the stock to a third party.
Then how would the stock have any value?
The way it originally had value. You are loaning the company money and betting they are successful enough to pay you back with dividends.