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RE: SPS cost-benefit metrics after one month of daily downloads

in #steemtalk • 3 months ago

I am against burning steem to "control inflation"
The last time I checked, Facebook stock was $437 per share!

Does Meta/Facebook burn stock shares to cause the price to increase?

NO Facebook/Meta does not destroy stock shares!

Does Tik tok destroy shares? NO!

It looks bad to destroy steem

3 months ago in #steemtalk by
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     3 months ago 

    Actually, companies do "stock buy backs" all the time, which is functionally the same thing.

    But in this post, I'm not advocating for or against burning. Just tracking some metrics that relate to the SPS. I started this data collection before anyone was actively talking about burning SPS funds.

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     3 months ago (edited)

    Yes but with a stock buy back, the stock can be sold later. The stock is not destroyed. Buybacks often are performed to prevent hostile takeover.

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     3 months ago 

    Sometimes. 😉

    Stock Buybacks: How Companies Create Value For Shareholders

    It’s important to understand that once a company has bought back its own shares, they are either canceled—thereby permanently reducing the number of shares outstanding—or held by the company as treasury shares.

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