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> companies have physical assets, ongoing revenue and profits, dividends that they pay out to their shareholders. Exactly! If Uber ever shuts down for any rea

> companies have physical assets, ongoing revenue and profits, dividends that they pay out to their shareholders. Exactly! If Uber ever shuts down for any reason, they can take all of their vehicles, buildings, gold, and whatever else they own, and evenly distribute them for all shareholders!

SideburnsOfDoom 5y ago
That's pretty much what would happen, yes. With the intermediate step of selling those assets.
JumpCrisscross 5y ago
> they can take all of their vehicles, buildings, gold, and whatever else they own Uber owns billions of dollars of property, equipment and leases [1]. But your broader point holds. Uber has massive intangible value, which is close to impossible to distribute. The difference between it and Bitcoin is one can buy Uber, all of Uber, and capture that value. M&A is the ultimate disciplinarian of the stock market, much more so than dividend cash flows. (Though the latter ultimately drives the former.) If you buy every Bitcoin, you destroy it. [1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1543151/000154315121000047/uber-20210930.htm#ied318115e5ca45808aadb8bdba56c646_19 https://www.sec.gov/ix?doc=/Archives/edgar/data/1543151/0001...