Alphabet issues first ever dividend, $70 billion buyback

Alphabet follows Meta, which announced its first dividend in February.

4 comments

I'm guessing the next logical step is layoffs.
- No, that was the previous logical step. They've been doing it for a year, including in the last week.
  
  Good point, had to free up some money before doing the buybacks.
That’s really a lame dividend. I have no idea why the stock would shoot up 15% to $160 on the news that shareholders will receive $0.20 per share. Even with the buyback program it won’t be that big of a boost. The better asset allocation would’ve been to keep innovating but I guess they’re out of ideas?