How does paper money work?
Can you literally not do anything with it, or are there well established mediums to sell the shares? Stripe seems to pay well, but they also say they have no plans to IPO soon.
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Facebook AyyoLeMayo May 3, 2019
Theres the secondary market, but very low liquidity and most of the times you will get a terrible price (30-50% discount, maybe more) for your shares. The reason it is called paper money is because its pretty much worthless until the company IPOs, which may never happen.
Salesforce hdhdjen May 3, 2019
Stripe does buybacks yearly. It’s not paper money.
Google snidely May 3, 2019
Funny money. Not paper money.
I feel there are a lot of somewhat related words here but I am struggling to find the meaning.