this post was submitted on 26 Jul 2024

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What isn't illegal but should be? (lemmy.world)

submitted 4 months ago* (last edited 4 months ago) by Varven@lemmy.world to c/asklemmy@lemmy.ml

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[–] ChonkyOwlbear@lemmy.world 2 points 4 months ago (1 children)

I'm envisioning stock as a sort of non-transferable contract between you and a company. There would be no way to pass the stock to a third party.

[–] todd_bonzalez@lemm.ee 3 points 4 months ago (1 children)

Then how would the stock have any value?

[–] ChonkyOwlbear@lemmy.world 2 points 4 months ago

The way it originally had value. You are loaning the company money and betting they are successful enough to pay you back with dividends.