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submitted 1 year ago* (last edited 1 year ago) by nothingcorporate@lemmy.world to c/socialism@lemmy.ml

Hi comrades, I'm new here, how do we feel about posting Mastodon content on Lemmy?

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[-] azrael@kbin.social 1 points 1 year ago

For almost any company shares could hit $0 with no impact to day to day operations (until the shareholders revolted and demand action). The only effect of the share price on a company is that it would be a factor if they wanted to sell new shares of stock to raise funds, which virtually no company ever does. The share price is only important to the people gambling on it.

this post was submitted on 14 Jun 2023
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