Comment on Imagine if Amazon and all jobs out there were cooperatively owned?
Artisian@lemmy.world 23 hours agothough they would drop in value very fast thereafter, no? My naive understanding is that a good share of people would sell them immediately, causing a price crash.
Lumisal@lemmy.world 22 hours ago
Around 25% would have to sell over 50% of their stocks for it to maybe start having an effect.
It could also raise the value of the stock to free up so much stock from a single person to many, as selling it would mean stronger belief in the stock going up.
Stock market is part math, part religion really.
DarylDutch@lemmy.world 20 hours ago
Also companies do “stock options with limitations on selling for a certain period” all the time.
Artisian@lemmy.world 13 hours ago
This is a good point
Artisian@lemmy.world 13 hours ago
That level of sales sounds really realistic to me, most employees are not doing well and experiments in employee ownership generally see people selling that ownership fast without training (at least I’m told). I don’t follow your bit about sales -> stock go up, my best guess is you’re saying that this will crash the price artificially causing people to think now is a good time to buy?
But if you buy too much you’ll be in a position like bezos, likely to get redistributed? I think we’d need a lot of different people with the liquidity?
Lumisal@lemmy.world 13 hours ago
Yeah, it could end up in the hands of a couple rich again.
But it could also send up like the GameStop situation.
It could also increase demand by wealthy investors to buy they stock which would also raise the price.
Whenever you think the stock market follows logic, just remember how much Tesla is worth despite not selling nearly enough for that valuation.