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If Google stock were really worthless, someone could buy all of it for pennies and do whatever they want with the company. Owning and controlling a company with
by mkipper 4y ago
If Google stock were really worthless, someone could buy all of it for pennies and do whatever they want with the company. Owning and controlling a company with $80B yearly profits isn’t worth anything to you?
A single Google share isn’t really worth anything on its own. But its value is tied to the collective value of _all_ Google shares, which _are_ worth something.
- everfree 4y ago> If Google stock were really worthless, someone could buy all of it for pennies Nobody is disputing that it has market value. My argument is that it has much less intrinsic value than some people would like to believe. > A single Google share isn’t really worth anything on its own. But its value is tied to the collective value of _all_ Google shares, which _are_ worth something. Not really, unless there's some non-zero chance that Alphabet will be bought out. By my understanding, that chance is pretty close to zero. Am I wrong?