Dividends are bad for tax drag, its very common now to re-invest that money back into the company, raising the stock price. Ultimately all stock prices rise bec

Dividends are bad for tax drag, its very common now to re-invest that money back into the company, raising the stock price. Ultimately all stock prices rise because more money flows in, but the reasons for the flow matters. If a company wins $1B out of thin air its still up to the investors to realize this and price the stock accordingly. Which is completely different from money flowing in because a cult-of-personality ceo tweeted a meme.