donkers

It is bizarre, like they’re not actually reading what people are saying.

Yes, that’s exactly what my example tells you. And share price remains the same. You keep claiming it goes up or somehow is “worth more” which is absolutely not what happens. Current shareholders don’t get that $10B as you claim (please look at the math in my simple example). That’s new equity split among all shareholders, new and old, not just current ones, thus keeping the price per share the same. And ownership share of the company goes down per share of stock. That’s the literal definition of dilution.

Mechanically, from a corporate finance perspective, the price per share doesn't change. Equity decreases or increases by the amount of the buyback or issuance. So in your example, a buyback of 1 share means equity becomes $90, and each share is still worth $10. Likewise for dilution, equity goes up to $110, share still remains at $10. The dilution refers to the ownership of the company, not the stock price.

However, in markets, a buyback is a positive signal (with increased EPS also) that can increase the share price.

They're not worth more. The number of shares is increased by the amount that was issued. So that larger amount of equity is split among more shares.

A simple example:

Current equity of $100B, 100 shares outstanding. Each share is worth $1B, with 1% of voting power.

Then we issue $10B of equity via 10 shares.

Now we have equity of $110B, with 110 shares outstanding. Each share is still worth $1B, except each share now has 1/110 of voting power, instead of 1/100. Each share now only controls 0.91% of the company. Their ownership has been diluted.

edit: You can throw this comment thread URL into your favorite clanker (Claude, Gemini, whatever) and it will confirm exactly what I'm saying.

The board can authorize issuing new shares up to the limit defined by the corporate charter (giving them the ability to raise capital as in this case). Issuing more shares beyond that or beyond the limits defined by the exchange rules go up to a shareholder vote. Shareholders can also sue to block things if there's shady stuff going on. Current shareholders aren't "made whole" there are just more shares and they now own less of the company.

It’s literally dilutive. Current shareholders now only own 97.5% of the equity instead of the 100% they owned previously.

Yeah that description made me laugh too. It is by no means a hippie love-fest, almost the opposite sometimes.

As a car enthusiast, I hate that fake engine sound. It’s so inauthentic and is on the same level as someone painting racing stripes or flames on a Toyota Camry so that it “looks faster”

That’s how megacorps are. VW has almost 700K employees. Enforcing a company culture on that scale is a very diffuse and difficult thing. If you are evaluating whether you should trust a company based on their ability to enforce values throughout all their orgs, you really shouldn’t trust any company unless it’s a tiny one where this sort of thing can be a lot easier to hold the line on.

You might need to update your filters. Using AdGuard Pro on iOS I’m not seeing any ads.

Why would it break the laws? Per the article it uses the heat from sunlight to do some of its work, it's not some kind of magic fabric.

Both things can be true. People can have exaggerated fears about the dangers of transit (especially compared to driving, which people seem to pretend is relatively risk-free), and the crazy / shady folks on transit can still be a problem and still need to be addressed.

I can only speak from my own experience riding transit in Seattle for 9 years. I've never had any issues. Sure, there are sketchy characters, but I've never been bothered, and never had anyone bother me. I definitely see news stories about bad shit happening on transit, but when you look at the number of people riding transit vs the amount of bad things that happen, and you look at the number of people driving and how many people die or get seriously injured in the city daily from car-related accidents, it's a no brainer. You don't see people dying on transit every day, but car-related fatalities are a daily occurrence.

How often do you think that happens to transit riders? Your concerns seem overblown. And by driving, your odds of getting hurt or dying in a car accident go way up. You’re trading one set of risks for another, not eliminating risk entirely.