So, from what I understand, an outside company comes and “values” the stock twice a year. It’s definitely based on “market fundamentals” like revenue, profit, comparisons to similar companies, etc. I don’t know a whole lot more than that, sadly. It started off at like 0.21$ in the 70s and it’s around $23 or something now.
I definitely know employees are able to buy stock once they hit 6 months employment or something like that. I think—but I’m not sure—that the company buys the stock back when you quit/retire (and you would have to reinvest in normal stock shit to not pay taxes then and there). I quit a few weeks ago with like 40 shares or something, I imagine they’ll take them and compensate me sometime soon if I’m right.
I think that’s what makes it literally like a pyramid scheme, in that new stock purchases fund the buybacks of retirees’ etc shares.
So it’s maybe not so much a commodity as a store of value or something (idk not super Marx-smart unfortunately). Or maybe company scripp!
So, from what I understand, an outside company comes and “values” the stock twice a year. It’s definitely based on “market fundamentals” like revenue, profit, comparisons to similar companies, etc. I don’t know a whole lot more than that, sadly. It started off at like 0.21$ in the 70s and it’s around $23 or something now.
I definitely know employees are able to buy stock once they hit 6 months employment or something like that. I think—but I’m not sure—that the company buys the stock back when you quit/retire (and you would have to reinvest in normal stock shit to not pay taxes then and there). I quit a few weeks ago with like 40 shares or something, I imagine they’ll take them and compensate me sometime soon if I’m right.
I think that’s what makes it literally like a pyramid scheme, in that new stock purchases fund the buybacks of retirees’ etc shares.
So it’s maybe not so much a commodity as a store of value or something (idk not super Marx-smart unfortunately). Or maybe company scripp!