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So is google worthless? Let's see here. Google pays no dividends, is probably to large to be bought, won't be allowed to merge for antitrust reasons, and if i
by helveticaman 18y ago
So is google worthless?
Let's see here. Google pays no dividends, is probably to large to be bought, won't be allowed to merge for antitrust reasons, and if it behaves like other Silicon Valley companies that came and went, will spend every last penny before acknowledging defeat (which granted, is a long way off).
Unless Google pays dividends at some point (which Silicon Valley companies usually do not do), then yes, it's stock is worthless. That's exactly what I'm saying. Its stock buys and sells at $441.41 as of my writing this, but is intrinsically worthless.
- pchristensen 18y agoUnless you can find another sucker. By your argument (which I find quite compelling), the only thing that makes stocks valuable is that there is a large market of people willing to buy that stock from you. The stock itself does nothing for you. Thanks for the insight!
- quasimojo 18y agoUnless Google pays dividends at some point (which Silicon Valley companies usually do not do), then yes, it's stock is worthless. as worthless as any other paper currency. indeed google stock has performed well against the US dollar (you could redeem your GOOG into euros). no fiat currency has intrinsic value. come to grips with this. paper currencies have come and gone, stocks are no different than dollars or euros...its just a piece of paper that people will either value high, low, or not at all
- deleted 18y ago[deleted]
- natrius 18y agoPaper currencies are backed by legal tender laws, so the source of their value is apparent. Stocks, not so much.
- deleted 18y ago[deleted]