this post was submitted on 30 Aug 2023
332 points (96.6% liked)

Technology

59298 readers
4979 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
332
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)
submitted 1 year ago by [email protected] to c/[email protected]
40 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 1 year ago (1 children)

Your example would be manipulating for the company. Stock buybacks primarily manipulate for the execs and large shareholders. Even though they have reporting requirements, they benefit from the general increases in price.

If the company wants to give money to shareholders, they could do that in the form of dividends.

[–] [email protected] 2 points 1 year ago

No one is being manipulated. The company is handing the stockholders their own profits. Dividends are the same thing, just taxed differently.