Re:Bed Bath and Beyond Files for Bankruptcy
by Etheryte on Tuesday April 25, 2023 @01:35PM
(#35703882)
Stockholders are not supposed to get anything if the company they're holding goes to zero, that's not a bug, that's literally how stocks work.
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Re:Bed Bath and Beyond Files for Bankruptcy
by mahogany on Tuesday April 25, 2023 @06:05PM
(#35707350)
This reply (and several others) is focusing on one part of the comment and ignoring the overall point.
The question is: if companies are no longer giving dividends, no longer giving voting rights, and you get nothing if it goes to zero, then what, intrinsically, is the value of a stock tied to? Is it something other than "stock will go up so someone will buy it at a higher price"? How does it differ from, say, Bitcoin?