this post was submitted on 19 Feb 2025
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I agree that selling a $100 stock doesn't hurt the company $100 -- but it does hurt them some amount between $0 and $100 which I don't feel qualified to calculate. The ultimate reason that stocks go down is because people sell.
After the stock is sold by the company it's completely disconnected. No money to or from the company, no message sent. The only way it'll hurt them is if they try another offering where they sell new shares and the stock price is low, which will be announced beforehand. Or if they want to buy them back, which probably won't happen.
Keep the shares or sell them. GS won't care.
I agree they won't care about 1 stock, but the board absolutely cares if many people start selling below what they believe to be market value
Large traders have different rules and prices than us plebs. Our trades don't even reach the market places, they're being internalized by brokers, who were the ones not actually selling you an actual share to begin with. They'll be happy to take your loss without affecting market prices in the first place.
An unfair market place is what the whole diamond hands thing is about. So no, I don't think board members care what us small investors do.