When you buy a share of stock, you are almost always buying from someone who previously purchased that share and now wants to sell it. The money -- minus broker’s fee -- goes to that other investor, which may be a person, a company (rarely the company that issued the stock, but that will occasionally be the case), an investment fund, the ’market maker’ for that stock (websearch for definition of that term), or anyone else. They owned a small percentage of the company; you bought it from them and gave them the get money for it, just as you would buy anything else. You don’t or care who you bought from; they don’t or care who they sold to; the market just found a buyer and seller who could agree on the price.
There are a very few exceptions to that. The company may repurchase some of its own shares and/or sell them again, depending on its own financial needs and obligations. For example, my own employer has to purchase its own shares periodically so it has enough on hand to sell to employees at a slight discount through the Employee Stock Ownership Program. But you don’t know that’s who you’re selling to; it happens like any other transaction.
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