Super Testnet on Nostr: Not just on the internet. My brother invests in stocks through a traditional 401k. He ...

Not just on the internet. My brother invests in stocks through a traditional 401k. He had no idea publicly traded companies are allowed to print and sell new shares; he told me that would be illegal because it would dilute the value of his shares, which the company does not own, and that would be theft. But I showed him the shareholder agreement and quarterly shareholder reports of one of the companies he invests in, and it clearly showed they are not only allowed to, but over 20% of outstanding shares in that company were printed and sold this year. I hope he learns from this that it's all rigged against the little guy. ("Major shareholders" were largely unaffected as they got first dibs on all newly printed shares and could thus maintain the same percentage as they had before the new stock was issued -- but people like my brother had basically no recourse.)