this post was submitted on 12 Aug 2023
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Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth (markets.businessinsider.com)
submitted 1 year ago by L4s to c/technology
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Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth::Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.

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[–] EmperorGormet 1 points 1 year ago (1 children)

They didn’t sell stock to raise money to buy their stock, that doesn't make sense. They sell stock when they feel they need cash and/or they think they are fair/over valued. They buy stock when they have excess cash and/or feel they are undervalued. They also have to disclose both sales and purchases beforehand.

[–] dirkle 2 points 1 year ago* (last edited 1 year ago)

I can see how my reply could be interpreted that way but that was not the intention. I meant they sell stock to raise money to fund their business, expansions, etc. Not to raise money just to buy their stock back.