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ackillesBAC t1_j748577 wrote

Reply to comment by Bakemono30 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

It's stock market suicide maybe, the corporation can still exist with a stock price of zero. They would just have a hard time keeping a CEO or issuing new stocks to raise cash.

Microsoft last year doubled their salary budget, and increased their employees stock options by 25%. In an effort to retain their employees. Microsoft stock didnt seam to move when they announced this in May of 2022.

Edit: Amazon actually did the same thing last year, except for they increase theirs by a little bit more than double

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Bakemono30 t1_j749z2y wrote

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.

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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$.

can stocks go to zero

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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.

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flugenblar t1_j7bld3p wrote

So are you arguing that Microsoft should move to small town in order to raise the median wages there? What about the town they left?

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ackillesBAC t1_j7bmqav wrote

No I was replying to the comment that doubling wages would be corporate suicide, yet Microsoft and Amazon literally did just that and seamed to not suffer at all from it.

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