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It's interesting how there used to be publicly traded apartment buildings, and now it's more the place the financiers go to cash out once the real money has bee
by projektfu 8y ago
It's interesting how there used to be publicly traded apartment buildings, and now it's more the place the financiers go to cash out once the real money has been made. The exchanges delist low cap and low price stocks, and the idea of starting a company with a public offering is now considered absurd.
- burlesona 8y agoYeah I think this is key. The entire concept of what the public market is for has changed significantly. Historically the stock market had a kickstarter like function, which meant that there were opportunities for people to bet on neat new ideas and recognize enormous gains - but also a lot of chances to lose the entire value of a bad bet. These days we have Kickstarter instead and investors get swag instead of equity. Really good deal for getting a little project to go, but sometimes too bad since it means willing investors can’t participate in long-term gains from the successful business launches.
- pembrook 8y agoYou can still buy publicly traded REITs with residential real estate in them. Also if you’re complaining that exchanges delist penny stocks, I fail to the see the tragedy. The microcap pink sheets are the home of scams and pump and dump schemes. When people invest in these things and lose their life savings, it creates huge social problems and a burden on the welfare system.