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Digitalescapetools@sh.itjust.works

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Absolutely No Bailouts! (sh.itjust.works)

submitted 20 hours ago by Digitalescapetools@sh.itjust.works to c/digitalescapetooks@sh.itjust.works

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[–] ColeSloth@discuss.tchncs.de 5 points 15 hours ago (1 children)

Sort of. Nvidia buys billions of dollars worth of its own shares every year and retires the shares in order to drum up the value of the rest of the shares people own, so it's kind of like it wasted billions of dollars if the price fell back down.

[–] Hyperion@midwest.social 1 points 13 hours ago (1 children)

Wasted is a relative term since the remaining shareholders see the percentage of the company they own increase and the stock price dropping makes it cheaper to buy more shares thus continuing to drive up the percentage of the company owned by the remaining shareholders

[–] ColeSloth@discuss.tchncs.de 0 points 6 hours ago

You missed a step. if the price goes down, the current share holders lost money, regardless of how big a percentage of the company they own in stock is.