this post was submitted on 30 Aug 2023
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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]
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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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[–] [email protected] 44 points 1 year ago (1 children)

Didn’t buybacks used to be illegal?

[–] [email protected] 49 points 1 year ago (1 children)

After they helped cause the Great Depression, yes.

[–] [email protected] 19 points 1 year ago (1 children)

Good thing we learned from that.