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> and especially pure software based tech stocks like TWTR which pay no dividend that I'm aware of, I'm unsure what investors really think they're getting which
by ric2b 9y ago
> and especially pure software based tech stocks like TWTR which pay no dividend that I'm aware of, I'm unsure what investors really think they're getting which is meaningfully different from cryptocurrency.
They're getting a claim to part of the companies assets, which will be liquidated and distributed if it goes bankrupt (after paying the debtors). They can overpay for that right, of course, but they're not getting 0 out of the deal.