Copenhagen's Christiania squatters, famed for their anti-free market ways, are selling shares in their community so they can buy it from the government. What do you get for your investment: "a symbolic sense of ownership in Christiania and the promise of an invitation to a planned annual shareholder party." As one squatter calls it, "ownership in an abstract form." According to the Copenhagen Post, after striking a deal with the state this summer, Christiania residents now need to raise 76.2 million kroner (almost $13 million) to buy the majority of the area’s properties and an additional six million kroner to rent adjoining green spaces. The first 43 million kroner (or approximately $8 million) is due on 15 April 2012. Several prominent people have purchased Christiania Shares, including Margrethe Vestager, minister of the economy and interior, and Mogens Lykketoft, president of parliament. The shares are available for purchase online (Text source)
Invented by Charles Dow in 1896, The Dow Jones Average ("The Dow") is perhaps the most widely known metric of equity market behaviour. Calculated as a price weighted average of thirty stocks, The Dow is generally eschewed by professional investors who prefer the broader S&P 500, a so-called market capitalisation weighted index consisting of 500 stocks. Regardless, proponents of the Dow claim its simplicity, long history and careful design as a reliable proxy of US economic activity as points in its favour. But can they now claim predicability as well? [more inside]
This may be one of the worst (or best) investments, per dollar, of all time: Meet BrisConnections, a toll road development corporation based in Brisbane, Australia. Normally a toll road is a very nice sort of investment, it being basically the government making people give you money, for something people have to do. Some say it's likely to return 28% or more. So why is it trading for $0.001 per share? [more inside]
When a young company is in need of some dough, they often will issue an IPO. But what if, instead of a company, an author decides to sell shares of his book royalties? Tao Lin is doing exactly that. [more inside]
Sellaband launched in August of 2006. You get the chance to buy $10 shares in a band and when they reach $50,000 they get to record an album - it was met with cynicism in some quarters. Ten months later six bands have reached the $50,000 mark and the first two albums are available [Dutch nu-metallers Nemesea & Hawaiian singer-songwriter Cubworld] with four other artists about to enter the studio - Second Person from the UK, Clemence from France, Lily from the US and Maitreya from New Zealand.
Alexadex is a place to buy virtual shares in websites, with the share prices set according to Alexa.com's site traffic ranking. Metafilter.com currently stands at $535 per share.