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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by andruby on Thursday January 28, 2021 @11:40AM (#25944533)
If GameStop trades below book value, then someone could do a takeover, sell all the assets and make a profit.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by jfim on Thursday January 28, 2021 @02:30PM (#25947648)
Good point.

Out of curiosity, has that actually happened to a public stock? I'd assume the minority shareholders would have standing for a lawsuit if someone were to do a hostile takeover of a stock and liquidate the assets of the company.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by andruby on Friday January 29, 2021 @04:33AM (#25955608)
Afaik it used to be popular in the 70s and 80s. It’s sometimes called “Corporate Raid” [0]. In the movie Wall Street, Gordon Gecko wants to buy the airline to sell it for parts.

[0] https://en.wikipedia.org/wiki/Corporate_raid#History

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