/biz/ - Business & Finance

>>	Anonymous Fri Mar 5 23:43:24 2021 No.30326414 [View] File: 286 KB, 800x1110, 16C4C3E4-56E1-484F-9193-F375A25B8F81.jpg [View same] [iqdb] [saucenao] [google] What happens if reddit funds out all their meme stocks are actually physically owned by whoever is in here? Inb4 cede employee spams

Anonymous Fri Mar 5 23:34:47 2021 No.30326031 [View]
File: 286 KB, 800x1110, 55 Water Street.jpg [View same] [iqdb] [saucenao] [google]

>>30325808
It's in a normal building owned by the Retirement Systems of Alabama of all things, the reason Cede and Co. is worth so much is because they technically own all issued stock in the United States. You are now aware that stock isn't actually owned by the companies issuing it, and that stocks are effectively contracts held by Cede and Co.

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/biz/ - Business & Finance

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