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One share of GOOG stock is equally intangible. It may give you some theoretical infinitesimal ownership of the company. But since Alphabet doesn't pay dividen
by panarky 6y ago
One share of GOOG stock is equally intangible.
It may give you some theoretical infinitesimal ownership of the company.
But since Alphabet doesn't pay dividends, there is zero cash flow.
And it doesn't even give you the right to vote.
There's no scenario where you can convert your share into physical assets of the company, or claim any portion of the future cash flows of the company.
And unlike NFTs, a share of GOOG isn't even rare. There are 330 million others identical to yours.
A share of GOOG is just an entry in an electronic ledger, and literally the only thing you can do with it is sell it to someone else.
And yet people happily pay $2,100 for one, with no other objective than to resell it to someone else for more.