[PretzelPirate]

> Stocks: Legally entitle you to profits of a company

If I own Meta stock, how do I get my share of their profits? They don’t pay dividends.

[rvz]

Let alone owning stocks from SPAC companies. They also don't pay dividends either.

[smt88]

If Meta is liquidated, you are owed money (depending on where you are in line).

[PretzelPirate]

So you aren’t entitled to the profits of the company, you’re entitled to some percentage of the value of their assets, assuming they don’t run out before you get paid.

That doesn’t provide any real justification for stocks having value.