Re:GameStop missed out on capitalizing on the Reddit rally
by rchaud on Thursday February 11, 2021 @09:55AM
(#26102040)
It's similarly unethical for companies to be able to borrow at 0%, then use the money to conduct stock buybacks, but I guess the S&P500 and DJIE don't have to be tethered to economic reality anymore.
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Re:GameStop missed out on capitalizing on the Reddit rally
by umanwizard on Thursday February 11, 2021 @10:43AM
(#26102741)
Why is that unethical?
Re:GameStop missed out on capitalizing on the Reddit rally
by rchaud on Friday February 12, 2021 @01:13PM
(#26116633)
Because the purpose of state-sanctioned cheap capital is to defray the cost of investing in your business...hiring people, buying capital equipment, investing in R&D. Not spiking your own share price by bidding it up on public markets. That does nothing except help managers' stock options more profitable.