this post was submitted on 12 Aug 2023
135 points (95.9% liked)

Technology

60128 readers
3114 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
135
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
17 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 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.