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Every time I see something like this, I have to wonder - Did anybody actually _lose_ anything? It's not like LinkedIn is more or less intrinsically valuable th
by nrclark 11y ago
Every time I see something like this, I have to wonder -
Did anybody actually _lose_ anything? It's not like LinkedIn is more or less intrinsically valuable than it was yesterday. The only thing that's happened is that their baseball cards dropped in resale value.
Anybody who thinks a non-dividend non-voting stock is anything other than a baseball card is kidding themselves.
- cmrdporcupine 11y agoEmployees whose compensation included stock units (if that's a thing at LinkedIn and I assume it is given the industry) certainly lost something. If Google's stuck took a hit like that I'd be out a significant part of my compensation.
- nrclark 11y agoIs there any truth to the 'you can't lose something you never actually had' idea? When LI's stock price dropped, it's not like somebody showed up and plundered the shareholders' bank accounts. It's never safe to treat stocks like money.
- TallGuyShort 11y agoOPs analogy still holds in my opinion. Their compensation was baseball cards, and it's unfortunate for them that it crashed, but the value behind them was terribly abstract.