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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[–] sirboozebum 3 points 1 year ago (1 children)

Stock buy backs are a tax efficient way to return money to stockholders.

The real issue is when companies borrow money to do this.

[–] SpacetimeMachine 6 points 1 year ago (1 children)

I would say stock buybacks are already a real issue, doesn't matter if they're borrowing the money or not. If companies had to actually invest in their employees instead of their rich shareholders a lot of issues in our society today would be lessened.