Wednesday 2 September 2020
Stock splits seem all the rage nowadays. While the ‘generous’ idea behind them is to make ‘too expensive’ stocks more accessible to a wider audience (read: retail investors), speculators are taking advantage by driving up the price ahead of the actual split, potentially leaving newcomers overpaying. With Apple and Tesla’s most recent stock splits, the phenomenon is getting a bad rep as a way to artificially create shareholder value, not attributed to actual company growth, or shrinkage of the amount of outstanding shares by way of share buybacks from the company itself. Now, a bunch of fintech services allow for…
This story continues at The Next Web
