> I'm also curious how much they profited on this scheme, and how much capital they had to amass to get it started. It seems like a big investment and a lot of hard work by a lot of people! It's too bad they were using it to defraud people.
Every time a report like this comes out I wonder if the stock market is of any actual value to society. One answer people have given me is that companies can use it to raise money for future ventures, but is that actually true? Most of the times I hear of IPOs they seem like cash outs rather than raising capital.
Every time a report like this comes out I wonder if the stock market is of any actual value to society. One answer people have given me is that companies can use it to raise money for future ventures, but is that actually true? Most of the times I hear of IPOs they seem like cash outs rather than raising capital.