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A comment on Exxon throws a fit over shareholders exercising their rights. Parent comment

Re:Exxon throws a fit over shareholders exercising their rights by megapolitics on Wednesday January 24, 2024 @04:23AM (#39115341)
> But it’s still investing in oil companies and giving them more money.

Buying shares on the market from third parties does not give the company more money.

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Re:Exxon throws a fit over shareholders exercising their rights by leereeves on Wednesday January 24, 2024 @04:30AM (#39115388)
Not immediately, but companies can take advantage of the higher price by issuing stock.

For example, GameStop raised over a billion dollars while Redditors were trying to get rich by memeing it to the moon.

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Re:Exxon throws a fit over shareholders exercising their rights by rdtsc on Wednesday January 24, 2024 @09:57AM (#39118049)
Not directly but it makes the price go up so the company can raise money easier, issue new shares at the higher price, etc.
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