this post was submitted on 12 Nov 2025
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Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.

Here are some examples to inspire your own showerthoughts:

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    • If your topic is in a grey area, please phrase it to emphasize the fascinating aspects, not the dramatic aspects. You can do this by avoiding overly politicized terms such as "capitalism" and "communism". If you must make comparisons, you can say something is different without saying something is better/worse.
    • A good place for politics is c/politicaldiscussion
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Am I just deceived? I think I might love him?

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[–] AnyOldName3@lemmy.world 3 points 4 days ago (18 children)

A man who owns a billion dollars worth of megayatchts is not doing everything he can to ethically spend/donate his wealth. Yes, lots of his wealth is tied up in Valve stock and he can't sell that without losing voting rights and making Valve stop being what it is, but he's rolling in other assets and cash, too

[–] ozymandias117@lemmy.world 5 points 4 days ago (4 children)
[–] AnyOldName3@lemmy.world 1 points 4 days ago* (last edited 4 days ago) (3 children)

It doesn't have publicly-traded shares because it's a private company, but it's still correct to say someone has stock in a private ~~company~~ corporation (which isn't relevant as Valve is unincorporated) that they own part or all of. Like with physical objects, they don't stop existing just because they're not for sale to the public. It's an easy mistake to make, though, as the vast majority of the time people talk about stocks and shares it's in the context of buying and selling publicly-traded stock.

[–] Cooper8@feddit.online 3 points 4 days ago (1 children)

It is nitpicking, but in legal terms you could say he has shares in the company but not stocks. Stocks refers specifically to publicly traded shares, that is to say shares sold on a stock market. Shares is the more broad term as it can refer not only to stocks but also private equity units of various types. Valve is a Limited Liability Corporation, or LLC, which have Membership Units as the type of shares held by owners, which differs from stocks both in terms of tax treatment and limitations on how they can be transacted.

[–] AnyOldName3@lemmy.world 2 points 4 days ago (1 children)

It's nitpicking and also not quite right. Stock of a corportation is shares, whether or not they're publicly traded. It becomes plural when it's shares of multiple corporation.

However, LLCs aren't corporations at all (the C is Company), and in the US, stock is specifically of corporations. I'm in the UK, where the equivalent to an LLC's shares are still considered stock, and I've been googling whether private corporations have stock in the US, which they do, so the confusion's been that the public/private distinction isn't the important one and I've been arguing the definition of a word that's defined differently in the relevant country.

[–] Cooper8@feddit.online 2 points 4 days ago

hahahaha, what a mess.

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