Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

When a stock price rises, does the company get more money?
Not directly. But companies benefit in various ways from a higher stock price. One way a high stock price can hurt a company is that many companies do share buybacks when the price is too high. Economically speaking, a company should only buy back shares when those shares are undervalued. But, management may have incentives to do buybacks at irrationally high prices.