When you divvy up shares in an investment to meaningless portions like 0.00001% of a company there's no utility in the investment period.
It then becomes the same thing as buying and selling useless paper. In order to make the system truly a market you have to restrict the size of the portions. Something like 1% is the smallest cut someone can own.
But then that would stop the huge amount of cash companies tend to receive during an IPO thereby restricting the growth of the actual business.
It then becomes the same thing as buying and selling useless paper. In order to make the system truly a market you have to restrict the size of the portions. Something like 1% is the smallest cut someone can own.
But then that would stop the huge amount of cash companies tend to receive during an IPO thereby restricting the growth of the actual business.