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I've had a speculation for a while that this is why Google, Apple, and many other tech giants like to keep their stock float small and thus their stock price per share very high. I wonder if it's a way of trying to select for longer-term investors. ???

I am not sure because you can own half of an stock. For example if you invest in ETFs you don't an integer number of stocks.

The shares of stock in an EFT are controlled by an independent group. Essentially you are buying shares of someone else's shares.

But this is a way to operate on fractional stocks. Can you elaborate on "api" original speculation?

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