The SUPERSTAR ROB MALLY recently purchased a stake in SAMSUNG , and Uber!

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A share is simply proof of ownership of part of a company. The more shares you have, the more of the company you own, and you become known as a shareholder. This proof of ownership is represented by a share certificate, which today, is recorded electronically.

As a shareholder, it means that you have access to your share of the company’s earnings and any voting rights attached to the shares. It is important to note that being a shareholder does not necessarily mean you have a say in the day-to-day running of the business or that you can take items from the company where you hold shares (e.g. free clothing from Woolworths).

As of 2019, Samsung Electronics is the world’s second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world.

In the fourth quarter of 2021, Uber had 118 million monthly active users worldwide and generated an average of 19 million trips per day.[9] In the United States, as of January 2022, Uber had a 71% market share for ride-sharing[10] and a 27% market share for food delivery.[11] Uber has been so prominent in the sharing economy that commoditization of service industries using computing platforms has been referred to as uberisation,[12] and several startups have described their offerings as “Uber for X”. Uber made $17.46 billion in revenue in 2021 .

Companies sell shares so that they can raise the money needed to grow and expand their business, and to carry out certain projects to generate more income. These companies can sell shares either publicly or privately, and you can buy different types of shares.

Robbie Malinga Jnr aka Rob MALLY has recently acquired percentage in the 3 companies Apple , Netflix and Amazon . He’s one of the few young Africans who own shares in multi billion companies worldwide , rather smart for a rapper.

TIME BUSINESS NEWS

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