Does that mean I get 5 votes out of 100 whether to reject this acquisition? No.
Does that mean I get 5% of the annual revenue for Facebook? No.
Does that mean I can hire my friends to work for Facebook? No.
But But.. I OWN 5% of Facebook! What the hell?
Nope, you own 5% of Facebook shares that are worth as much as what someone else is going to pay for it.
Hence Stock market = elaborate pyramid scheme
But a necessary one to support pension funds, 401Ks, retirement, etc. I mean HOW else is 1 dollar turn to 10 dollars after 40 years?!
Plus, it leads to jobs - illusionary, fake ones, but jobs nonetheless.
Younger generation paying for older - makes sense.. it'll fall apart whenever human race dies off.
Does that mean I get 5 votes out of 100 whether to reject this acquisition? No.
Does that mean I get 5% of the annual revenue for Facebook? No.
Does that mean I can hire my friends to work for Facebook? No.
But But.. I OWN 5% of Facebook! What the hell?
Nope, you own 5% of Facebook shares that are worth as much as what someone else is going to pay for it.
Hence Stock market = elaborate pyramid scheme
But a necessary one to support pension funds, 401Ks, retirement, etc. I mean HOW else is 1 dollar turn to 10 dollars after 40 years?!
Plus, it leads to jobs - illusionary, fake ones, but jobs nonetheless.
Younger generation paying for older - makes sense.. it'll fall apart whenever human race dies off.