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You'd think so, but not really. Amazon's balance sheet [0] shows assets minus liabilities of $19 billion. So the "assets" that shareholders "own" are less than
by panarky 9y ago
You'd think so, but not really.
Amazon's balance sheet [0] shows assets minus liabilities of $19 billion. So the "assets" that shareholders "own" are less than 3% of the company's $690 billion market cap.
Not to mention that shareholders don't "own" those assets in any real, tangible sense.
If you look around at any form of wealth, from the balance in your checking account to stocks, bonds and even the title on real property, it's all invisible, intangible and socially constructed.
Not as different from cryptocurrency as one would like to think.
[0] https://www.sec.gov/Archives/edgar/data/1018724/000101872417000135/amzn-20170930x10q.htm#sDDB2F8EEC1A45608A02845A43822D631 https://www.sec.gov/Archives/edgar/data/1018724/000101872417...