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rsynctoday at 6:59 PM0 repliesview on HN

"... a stock is like if you went to some second hand/thrift store and bought a brand of clothing that was reviled for some reason or another, i.e., use of child sex slave labor, you giving a thrift store money to wear the second hand clothing not only does not benefit the reviled company ..."

This is incorrect and, frankly, ridiculous especially in light of your own scoffing at the "foolishness" of others.

The secondary market value for company stock has a direct impact on current and sustained operations in areas including, but not limited to:

- the ability to sell debt and the interest rates at which it can be sold

- the ability to attract and retain executive "talent" with stock compensation

- the ability to attract - or ward off - takeovers and buyouts from other firms

- the ability to expand operations, or development, through follow-up offerings

Your observation of this basic truth (that company shares purchased by at-large market participants don't yield funds directly to the firm) is, of course, correct.

However it is not as profound a factor as you think it is.