1y ago

4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value

markets.businessinsider.com 4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value

Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.

4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.

39 comments

- They were basically illegal until 1982. It was considered, and I believe still is, market manipulation.
  
  I guess it was Reagan? again?
- Yay! Trickle Down Economics
- Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.

Didn’t buybacks used to be illegal?
- After they helped cause the Great Depression, yes.
  
  Good thing we learned from that.

The only thing trickling down is shit and piss.

Any minute now the trickle down will start and everything will be fine. Any minute now...
- All I'm feeling from that trickle down thing is piss.

We need to go back to having buybacks be illegal. It’s money that SHOULD be spent on innovation, R&D, and more importantly, people.
- But you don't understand. This is about people. Like a dozen different people at least!

39 comments