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A comment on Ask HN: What is the actual cost basis of the stock market?. Parent comment
It's just a measure of liquidity. A stock can trade 1$ or 0$ per day and still have a market cap of 300B ( see private eq.)
(Maybe you are onto something, if stock iliquid, they got stocks at 0. If stock very liquid they got stocks at actual price.)
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It's just a measure of liquidity. A stock can trade 1$ or 0$ per day and still have a market cap of 300B ( see private eq.)
(Maybe you are onto something, if stock iliquid, they got stocks at 0. If stock very liquid they got stocks at actual price.)