this post was submitted on 17 Sep 2023
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It's blatant stock manipulation. The stock price goes up because they increase demand for the stock for no reason. The value of the company doesn't change at all other than they're holding stock as an asset instead of the cash. Yet the stock is worth more now. It's stock manipulation, plain and simple.
It's almost as if stocks are a really shitty way to get rich from nothing.