song as old as time
Tale as old as rhyme
Capitalism and the disease
this post was submitted on 03 Aug 2025
196 points (99.0% liked)
News
31384 readers
2356 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Often common stock implies the existence of preferred stock, i.e. the investors got paid out in low sale and everyone else had no money available. The increasingly dominant private equity corp biz probably got a great deal. The class divide widens as usual
I tried researching this a bit, and from what I understand, the company basically has no money, which in turn makes the stock worthless. So since the stock is effectively $0.00 per share, they can just "cancel" the stock completely.
This could be oversimplified or dead wrong, but I don't understand any other way this could work legally.
I think that's how it's been justified but the company just sold so it's not worthless anymore right? Can't have it both ways.
That's exactly correct. The only caveat is if it's paying off debt but it sounds like a good old fashioned screwing.
Maybe?
Can you just sell right now in the least? Like if you were quick enough, would it be possible? I guess not.
Who would buy it? The minute they announced this deal the value effectively went to 0.
What the fuck? How is that even legal? Aren't stocks supposed to be ownership stakes in the company? How can they just take that away?
Because fuck you plebe!
I want off this earth guys.
Don't worry, considering the path we're headed down none of us will be here for much longer ¯\_(ツ)_/¯
Mama mia!
This place has gross drinks. No idea how they stay in business.