Saymaz@lemmygrad.ml to news@hexbear.netEnglish · 3 months agoBernie Sanders will introduce a bill to have the public take a 50% ownership stake in the country's biggest AI companies.www.newser.comexternal-linkmessage-square34linkfedilinkarrow-up185arrow-down10cross-posted to: worldnews@lemmygrad.ml
arrow-up185arrow-down1external-linkBernie Sanders will introduce a bill to have the public take a 50% ownership stake in the country's biggest AI companies.www.newser.comSaymaz@lemmygrad.ml to news@hexbear.netEnglish · 3 months agomessage-square34linkfedilinkcross-posted to: worldnews@lemmygrad.ml
minus-squareKeld [he/him, any]@hexbear.netlinkfedilinkEnglisharrow-up6arrow-down1·3 months agoThats not how stock ownership works.
minus-squareInexplicableLunchFiend [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoIt kind of is if the company goes under/bankrupt
minus-squareKeld [he/him, any]@hexbear.netlinkfedilinkEnglisharrow-up1·3 months agoIt still isn’t. That’s the whole point of corporations.
minus-squareInexplicableLunchFiend [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoIf the US government buys the stocks at the IPO listing price, and then the company collapses, their stocks are now worthless.
minus-squareKeld [he/him, any]@hexbear.netlinkfedilinkEnglisharrow-up1·3 months agoThat would still not mean “Suffering 50% of the company’s losses”.
minus-squareInexplicableLunchFiend [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoit would mean “suffering losses equal to 50% of the company’s valuation” though
minus-squareplinky [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoi think majority shareholder might have some vested interest in the bonds not imploding though, as they are the last to get paid in that scenario.
minus-squareKeld [he/him, any]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoYou absolutely do have a vested interest in the stock doing well as a stock holder, but you don’t suffer 50% of the company’s losses.
minus-squareInexplicableLunchFiend [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·3 months agoYour billions in stocks (that you paid for and bought) evaporate into nothing when the company goes bankrupt/collapses, so yes, it would entail the US government eating the losses.
Thats not how stock ownership works.
It kind of is if the company goes under/bankrupt
It still isn’t. That’s the whole point of corporations.
If the US government buys the stocks at the IPO listing price, and then the company collapses, their stocks are now worthless.
That would still not mean “Suffering 50% of the company’s losses”.
it would mean “suffering losses equal to 50% of the company’s valuation” though
i think majority shareholder might have some vested interest in the bonds not imploding though, as they are the last to get paid in that scenario.
You absolutely do have a vested interest in the stock doing well as a stock holder, but you don’t suffer 50% of the company’s losses.
Your billions in stocks (that you paid for and bought) evaporate into nothing when the company goes bankrupt/collapses, so yes, it would entail the US government eating the losses.