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] 27 points 1 year ago (1 children)

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.

[–] [email protected] 7 points 1 year ago

But you don't understand. This is about people. Like a dozen different people at least!