Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
technocrit@lemmy.dbzer0.com 9 hours agoA stock is a piece of paper representing part of a company.
You still have the paper.
Comment on $1.8 trillion was wiped out from the US stock market yesterday, where did it go?
technocrit@lemmy.dbzer0.com 9 hours agoA stock is a piece of paper representing part of a company.
You still have the paper.
bstix@feddit.dk 4 hours ago
There’s nothing “supposedly” about it. It does represent a part of the ownership. If you own all the pieces of paper then you own the company.
However much you paid for it and how much it’s worth are completely different stories, but the stock is indeed the ownership.