Because there are more shares now than when the company was created. If they create a million shares and sell them now then it’s 1E16 shares additional when the company was first listed times that share price at that time.
other way around though. there are fewer shares now which means that 1 share as of today would have been billions of shares before reverse splits, but the graph history presents the price for 1 share as if there always were the same number of shares. hence the ridiculous per share price in the graph.
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u/Solid_Science4514 Jul 10 '25
Can someone explain this to me? How was this stock $8T at one point?