News for hackers. Stuff that matters.

A comment on Why it’s usually crazier than you expect. Parent comment

Re:Why it’s usually crazier than you expect by T-A on Sunday January 31, 2021 @08:38AM (#25978725)
> GameStop has everything Bitcoin has, plus some extra things

Including the ability to keep making losses in perpetuity, which would make it worth negative infinity.

[ Parent | on HN ]
Re:Why it’s usually crazier than you expect by thaumasiotes on Sunday January 31, 2021 @09:21AM (#25978997)
No, it wouldn't. As a stock owner, fiscal losses by the company named on the certificate don't impact you at all.
[ Parent | on HN ]
Re:Why it’s usually crazier than you expect by T-A on Thursday February 04, 2021 @10:40AM (#26026255)
The only way a business can keep running at a loss year after year and not be declared bankrupt is by raising more capital, i.e. by getting more money from its investors. The price of your existing shares will not fall below zero, but you (or somebody else) will be paying up for new ones.
[ Parent | on HN ]