• paysrenttobirds
    link
    fedilink
    arrow-up
    4
    ·
    1 day ago

    Any trading afterwards doesn’t effect their bottom line at all.

    I’m no expert, but I think this really depends on the company. They often retain a significant percent of shares, and once public they are governed by a board of shareholders who can and do direct policy with the company. Not to mention a widely held belief that public companies are legally bound to protect their stock price, which affects decision-making throughout the company.