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

not really for standard buy/sell but it does make derivatives affordable by lowering the cost of the contract. How much this expands the derivatives market though and what it does to the valuation of the stock is debatable