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by panarky
3120 days ago
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> Yes, but also a bet on other people's demand for those things Exactly. > its asset backed Not really. Google's assets minus its liabilities are $139 billion. The value of its stock is $724 billion. So 81% of the company's value isn't "backed" by anything -- not the company's assets, not the promise to pay dividends in the future, nothing. |
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