Some jackass buying a bunch of shares that were already issued and then flipping them for a profit isn’t doing shit other than enriching themselves. You might as well argue that scalpers are important. Oh wait, I have seen that brain-dead argument with “pRoViDeS LiQuIdItY!!1”
Some jackass buying a bunch of shares that were already issued and then flipping them for a profit isn’t doing shit other than enriching themselves. You might as well argue that scalpers are important. Oh wait, I have seen that brain-dead argument with “pRoViDeS LiQuIdItY!!1”
It does, a little bit. Stock offerings or buybacks are dependent on the market price.