Extremely funny to think that stocks primarily have value and that people buy stocks for the shareholder votes.
Comment on SpaceX stock drops to a new low and loses $1 trillion in value in a month
HubertManne@piefed.social 4 days ago
its just absolutely crazy to buy shares in a company where special super shares where made to make sure anyone buying shares could never own or control the company.
dragginupagain@lemmy.today 3 days ago
HubertManne@piefed.social 3 days ago
Their value is in ownership which includes say in how its run. I mean stocks have been nuts for a while P/E and P/B and D/E and D/A are things of the past.
GregorGizeh@lemmy.zip 4 days ago
Is it? That is, if i were to own a public company, the only way i would ever allow anyone else to own a part of it. It is my company, i don’t want fucking shareholders pressure me for more profits and shortsighted decisions. If the vultures want a share of the profits they get just that, not a voice at the table.
Kazumara@discuss.tchncs.de 4 days ago
i were to own a public company
It is my company
No, by definition it is not, if you sell part of it to the public and make it a public company.
GregorGizeh@lemmy.zip 3 days ago
… If i had a company and it were successful, and i decided to go public, i would only issue that kind of voteless share or whatever they are called, so that i would be protected from shareholder pressure to some extent. Was that not clear somehow? Or did you just want to go for the snark
Kazumara@discuss.tchncs.de 3 days ago
No I’m just pointing out that your view on who should morally control the company is wrong from the start.
Pyr_Pressure@lemmy.ca 4 days ago
That is literally the entire point of shares. You buy a percentage of the company and give them money so they can use that money to expand and develop.
Why would I give a company money if I don’t get a percentage of that company? It’s not a fuckin donation.
GregorGizeh@lemmy.zip 3 days ago
You give that money to the Corp to get profits in return. Not a say in how the company is run, at least youre not supposed to for healthy business operations. One of, if not the biggest reason that for example steam continues to win is just they are being not overtly greedy and shortsighted. That is obviously a much healthier business model.
t3rmit3@beehaw.org 3 days ago
Valve isn’t public. That’s the healthy business model.
TehPers@beehaw.org 2 days ago
If you’re in a position to dictate what shareholders get, you have no real reason to go public. Just keep it privately owned.
You go public to raise funds. The least reasonable thing to do to someone is ask them for money with a pinky promise that they might make a profit. Usually, those people are going to want something in return, like a say in how their money is spent.
HubertManne@piefed.social 3 days ago
Yes. I realize someone else explained it to you but you as the owner would love to sell it that way but others as a buyer would be nuts to buy your shares. Its not crazy to sell shares that way its crazy to buy them.
InevitableList@beehaw.org 3 days ago
Not really. I’ve never been to a shareholder meeting and never will. I buy stocks to turn a profit from dividends and appreciation not to get a chance to micromanage the company.
HubertManne@piefed.social 2 days ago
fair enough but if shareholders don’t control the company then there might be to much of a need for the owners salary for dividends. which is why you don’t buy that crap.