|
|
|
|
|
|
by aaaaaaaaata
1581 days ago
|
|
|
> companies have physical assets, ongoing revenue and profits, dividends that they pay out to their shareholders. Exactly! If Uber ever shuts down for any reason, they can take all of their vehicles, buildings, gold, and whatever else they own, and evenly distribute them for all shareholders! |
|
|
Uber owns billions of dollars of property, equipment and leases [1]. But your broader point holds. Uber has massive intangible value, which is close to impossible to distribute.
The difference between it and Bitcoin is one can buy Uber, all of Uber, and capture that value. M&A is the ultimate disciplinarian of the stock market, much more so than dividend cash flows. (Though the latter ultimately drives the former.) If you buy every Bitcoin, you destroy it.
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1543151/0001...