Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by and-not-drew on Friday April 15, 2022 @06:53PM
(#31046935)
Yeah, that was their whole point. Stock splits don't cause better returns, but the stocks with the best returns are more likely to split.
There's a bit of time travel / survivor bias with this one. A company that has not beaten the market is much less likely to split its stock. In other words, if I know nothing other than that a company is splitting its stock, I can reasonably guess that it's shown good returns in recent history.