It very much existed. Any such stockholder could sell their shares and use the money for whatever purpose.
I'm aware you're obviously pushing an agenda / trolling here, but the fact of the matter is that your opinion is factually incorrect. You not understanding the value of something doesn't mean it does not exist.
Is your mom's love in the room with you right now?
Things don't need to physically exist to have value.
And, lo and behold, stocks do exist physically. We just agree to have brokers hold the physical copy and everyone instead just trades the rights to it.
Thanks, I like peanuts so this is very helpful. I've been fighting squirrels for them but if I can make money then that seems easier and less work than the squirrel fights.
I'm aware you're obviously pushing an agenda / trolling here, but the fact of the matter is that your opinion is factually incorrect. You not understanding the value of something doesn't mean it does not exist.