Do stock splits matter if you can just buy fractional shares?

Question

I understand that stock splits are meant to make stocks more affordable for more investors but if platforms allow fractional shares like Robinhood, does this matter as much? If theoretically more platforms supported fractional shares, would stock splits matter less and less?

In: Economics

Answer 1

Stock price is a factor if a price-weighted index is considering a company for inclusion in that index.

Also as someone else mentioned already the underlying price affects the options market.