• finitebanjo@lemmy.world
    link
    fedilink
    English
    arrow-up
    68
    ·
    23 hours ago

    Well actually there is a long and rich history of companies that are able to operate at a loss using funds appropriated from sale of shares to investors, and this process continues so long as new investors keep buying in such that anybody selling out is covered by the new funds until enough people try to sell out that the price starts to plunge, although the collapse can be delayed by the company strategically buying back and occasionally splitting or reorganizing, meaning everyone gets their money back unless they sell too late.

    You know.

    A fucking Ponze Scheme.