Agent641@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · 10 months agoReddit literally shilling their own stonks to users in direct message, reveals that CEO gets paid $193 million last yearlemmy.worldimagemessage-square117fedilinkarrow-up1885arrow-down132
arrow-up1853arrow-down1imageReddit literally shilling their own stonks to users in direct message, reveals that CEO gets paid $193 million last yearlemmy.worldAgent641@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · 10 months agomessage-square117fedilink
minus-squareBradleyUffner@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-210 months agoThey can take out loans with the stocks as collateral. The money received from loans isn’t taxable.
minus-squareSupraMario@lemmy.worldlinkfedilinkEnglisharrow-up1·10 months agoThat still requires you to make sure the stock are worth something, and you have to pay interest on that loan. I think people are thinking I’m defending the system, I’m not, I’m just pointing out how it works.
They can take out loans with the stocks as collateral. The money received from loans isn’t taxable.
That still requires you to make sure the stock are worth something, and you have to pay interest on that loan.
I think people are thinking I’m defending the system, I’m not, I’m just pointing out how it works.