On the one hand, it’s just more deregulation and, I suppose, trying to claw back some exclusivity to financial information (stock market for capitalists only). On the other hand, valuations haven’t meant shit in so long. P/E means nothing. Book value means nothing. It’s probably not going to change much other than let more fraud happen more easily. Elon just bumped the market by buying a shit ton of his own stock with money from his own stock. What the corporate finance even mean anymore? Most of it is just algorithms now anyways. It’s not like someone is sitting down, cracking open the 10-Q and doing DCF analysis.
On the one hand, it’s just more deregulation and, I suppose, trying to claw back some exclusivity to financial information (stock market for capitalists only). On the other hand, valuations haven’t meant shit in so long. P/E means nothing. Book value means nothing. It’s probably not going to change much other than let more fraud happen more easily. Elon just bumped the market by buying a shit ton of his own stock with money from his own stock. What the corporate finance even mean anymore? Most of it is just algorithms now anyways. It’s not like someone is sitting down, cracking open the 10-Q and doing DCF analysis.