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> But it’s still investing in oil companies and giving them more money. Buying shares on the market from third parties does not give the company more money.
by megapolitics 3y ago
> But it’s still investing in oil companies and giving them more money.
Buying shares on the market from third parties does not give the company more money.
- leereeves 3y agoNot immediately, but companies can take advantage of the higher price by issuing stock. For example, GameStop raised over a billion dollars while Redditors were trying to get rich by memeing it to the moon.
- rdtsc 3y agoNot directly but it makes the price go up so the company can raise money easier, issue new shares at the higher price, etc.