Bakemono30 t1_j749z2y wrote
Reply to comment by ackillesBAC in ‘iPhones are made in hell’: 3 months inside China’s iPhone city - Workers describe a peak production season marred by labor protests and Covid-19 chaos, right as Apple reconsiders its China supply chain. by speckz
Yeah you lost all credibility with me on that statement. Best you learn more on stocks, valuation and the economy before making claims on how you think the economy should be. Pretty juvenile statement. There's no way a company can exist with 0 stock price.
ackillesBAC t1_j74i5ql wrote
It's quite complicated but a company generally only goes to 0 when they declare bankruptcy. Chapter 7 bankruptcy means they will no longer exist (sold off to pay debtor's), however can can declare chapter 11 where they work with debtors to pay down the debt, they still need exist as a company. Stocks fall that low because the company is dead, the company does not die because the stock is that low.
I also should not have said a stock price of zero, but should have said virtually zero, such as movie pass now at 0.0001$.
Bakemono30 t1_j74p5oy wrote
Bruh you're talking about failed companies, how they going to help prop your idea? Better to have left that out than to weaken your stance.
ackillesBAC t1_j74psnv wrote
Sorry to confuse you.
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