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.
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They were basically illegal until 1982. It was considered, and I believe still is, market manipulation.
I guess it was Reagan? again?
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence
Can we not do this?
That’s absurd.
The truth often is.
That Hilter guy sounds like small fish
Is there list of flawed Reagan’s policies? I only remember deregulating greenhouse emmisions
The thing he’s worshiped for (decreasing taxes) is a blatently lie. Taxes on the average citizen were higher when he left office than when he entered. Taxes for the rich and businesses were lower though, unsurprisingly.
Pick any of his drug policies and you’ll have another failed policy
His sugar tariffs have driven food prices in the US far above the rest of the world.
He failed to act on the AIDS epidemic until it was too late.
Ding ding ding
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as then the company is no longer saddled with their primary responsibility as making money for their stockholders.
Hah! If only that were true.
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What I’m trying to say is, these companies don’t use stock buybacks with the intention of going private. They’re doing stock buybacks to keep the stock price high, so they continue to please stockholders.
Stockholder pleasing is unfortunately not going away anytime soon.
Yay! Trickle Down Economics
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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.
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put this money into the stock value itself instead of the company
It’s the same thing.
manipulating the stock price
It’s not because they announce it way ahead of time. Manipulation would be Apple buying a bunch of stock right before they announce the new iPhone, then selling after the announcement. That’s very illegal.
Giving money to existing shareholders is completely legal (as long as you give it equally per share) because it’s the shareholders’ money. They own the company.
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…
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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!
