Acknowledging the Serious Probability of a Crash Regarding the Firestone Stock Market and/or Unproportionate Representation of the Wealthy Via Stocks

Greetings. I’d like to point out a concern I’ve noticed lately regarding the State of Firestone’s stock trading.

Recently, Scriblelz Animal Food & Co has opened stocks for shareholders to purchase. These stocks sold like wild, and other companies are following in their footsteps regarding the opening of shares and stocks.

There is a massive, glaring issue with this stock trading, however: we have no idea what the profit of the companies looks like. Since shares and stocks heavily rely on the operations and profits of companies and are intertwined, the lack thereof will pose a serious problem for stock investors.

Since there are no profits or revenue tied into this market, it makes it incredibly volatile. All it takes is one person to own a certain amount of stock to sell off, and, well…there it goes. Loses. Debt. Chaos. People start selling, and just like that your stocks are worth nothing.

There are also no laws regarding the trading of stocks. This means that, unless a company regulates its own shares, foul play within the market can create huge issues. This may lead to massive economic crashes, unsustainable purchasing, etc…

All of this combines to create a massive issue regarding stock investment and opens all investors to massive risk.

Think about this: What are you buying? Part of the company. When buying stock, you’re betting on a company’s profit: since you have no access to that, you’re betting on nothing but air. This is a setup for disaster. Combine this with the lack of laws and regulation, and it only furthers the chance of total economic collapse.

(this is incredibly prevalent when you think about the fact that stock prices are likely higher than the entire company’s revenue)

Even if the stock prices don’t collapse, it creates a separate problem. Some corporations are giving vast power to their investors, giving them near-total control of company decisions. If stock prices are to continue to rise, only the rich can purchase them. Since this power is concentrated in one group of people, the rich and elite will hold vast sway over companies to do as they like (like owning a journalism company and proceeding to stop them from printing a negative article on you or a friend)

With all of this in mind, I urge all prospective investors and Firestone citizens to beware of the risks inherent with such a volatile, unregulated and rushed system. It may seem prosperous now, but it may be due to collapse. And if it doesn’t? It only leverages power to the very wealthy.

8 Likes

SELLING 10 SHARES OF FSPUBLICIZED, DM ME BEANS#9081

4 Likes

don’t fall for the scam!

5 Likes

JOKE BY THE WAY

3 Likes

Okay so really long post, damn. Anyways, I can see how the stocks can be an issue but there’s multiple ways for this to work.
With regulation, Commerce could always create regulations as they’re a private business and have to follow policies and I’d be happy to help with them as I’m a business student IRL. Legislation could be made to regulate it also if Congress feels they need to.
With the whole investment thing, people earn money from being in game and a lot of business owners are either active or are in departments where they earn more money so if they plan on doing stocks, they should plan on investing their own money to help regulate prices.

3 Likes

I agree with the regulation; it’s vital to ensure things don’t get out of hand.

3 Likes

Firestone Stock Exchange – $SCRIB to the moon!! :rocket: :chart_with_upwards_trend:

5 Likes

i did all the work

IM THE ELON OF FS

4 Likes

Stocks are confusing IRL PLEASE dont bring them to fucking roblox

3 Likes

just saying that if anyone does do stock shit

  1. The law says that the designated owner fully owns the business
  2. Said owner can just have you pay them and then ban you
  3. The owner can just ignore everything the shareholders/board do or say

This is all assuming that no contract is made. If this is the case, it’s a different story.

In other words, It’s Just An Elaborate Scam.

this is not legal advice within the scope of firestone and does not establish an attorney-client relationship dont fucking blee me

7 Likes

people who invested in scriblelz actually made profit

4 Likes

Fraud legislation!

3 Likes

yea but scriblelz is in crippling debt anyway

that business has :chart_with_downwards_trend: SEVERE :chart_with_downwards_trend: :money_with_wings: CASH FLOW :money_with_wings: :dancing_women: PROBLEMS :dancing_women:

6 Likes

BUY SAFCO STOCK

4 Likes

Bruh ok

2 Likes

Legal documents are being made for fspublicized stock that in short is called PUB thanks : )

4 Likes

I never expected Firestone to need a fucking Securities Exchange Commission. I’m not sure if I should be amused or concerned.

Another legal issue the legislature will probably need to address: as it stands now, I as a judge can buy stock and hear the inevitable civil cases that result in the impending legal turmoil of this new system, so too can legislators buy stock and then pass legislation on securities. This new system is extremely dangerous politically, legally, and economically.

Though this is very hilarious. @congress hmu if you need help writing securities laws I guess?

8 Likes

They should also be careful in making a stock market online… the actual SEC regulates all stock markets based in the US and so I don’t want to see us get in trouble with them for having a stock market that is unlicensed…

3 Likes

There’s no actual equity or security being traded. It’s virtual currency with no real life conversion (assuming they only use FS dollars).

9 Likes

OK… We just need to calm down… take a deep breath, and think. How could we prevent this? Legislation would be a good start. Go to one of our Senators, Representatives, or even our Lt. Governor with this. Think of what the laws would dictate, prevent, and protect.

Secondly, we can talk to the companies about releasing their profits every quarter (Every 3 months in a year). This way, investors, traders, and such can get an idea of what they are buying into.

Finally, we make sure to notify everyone of these things. That way, we all stay safe and can make a profit!

3 Likes