Thursday, March 28, 2013

Mike Merrill is a Person and a Stock


Current business news seems interesting enough to tweet about but not to write about. I could write about BlackBerry (formerly Research In Motion) but a comeback makes a better story than a new phone.  Amazon is buying Goodreads but can be summed up as "I'm looking forward to it because I love both". T-Mobile got rid of contracts exciting new customers and pissing off current contracted ones. Kenneth Michael Merrill’s life is currently trading at $12.80. That’s right, I said his life. “Selling yourself: Publicly traded Portland man lets shareholders run his life” by Amy Langfield of NBCnews.com reports Mike Merrill “started a company that allows the public to make his major life decisions, including who to date…”

The company is KmikeyM and any of us can “buy stock in his life”.  Merrill has been “public” for five years and he has “320 shareholders who can buy and trade shares in him on a private market he set up online.” Merrill says this is legitimate although I thought selling yourself could be against the law.  Shareholders make all of his personal decisions. For example, the article reports he is allowed to date his current girlfriend “after he wrote a report on the first date and submitted it to shareholders as an action item”.

This is the first time I heard of a person selling shares of their life. Definitely makes for an interesting weird business story. Merrill briefly told his story to TODAY (article has link to video) and The Atlantic did a more detailed article on Merrill’s life in stocks.

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