this post was submitted on 24 Feb 2024
1019 points (98.9% liked)
Technology
59598 readers
3432 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Company goes on the stock market so anyone can buy stock in that company.
Usually means that said company makes a ton of money but also have to keep these new investors happy and make the company more profitable. Can often lead to enshitification.
Is there a case where it actually hasn't led to enshitification?
Has always led to enshittification
What's a stock?
stock is just a publicly listed company, they sell ownership (shares) of the company to the public. As part owner you can sometimes vote for what they will do (the company tends to hold over 50% so they decide everything still). Some companies will give their shareholders dividends which is money based on how much they make
You can also sell your ownership stake to others which is where you will make or lose most of your money
Shorting is betting a stock will go down, you borrow a stock and sell it before you actually own it. Then when the stock goes down in value you get to keep the difference
A piece or 'share' of a company you can buy.
Are often bought and sold on big 'stock markets' in places like New York and London.
Sometimes buying stock comes with benefits like having a vote on certain decisions or getting payments or 'dividends' from the company if it is very profitable.