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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[–] Chunk -4 points 1 year ago (1 children)

Don't bother. They've most likely only ever heard about stock buybacks on social media with little context otherwise. They have no idea the pros of buybacks, only a politically-charged subset of cons.

[–] girlfreddy 5 points 1 year ago

Prior to Reagan allowing changes, buying back stock wasn't allowed because it was seen as a manipulation of the stock market.

"Those who do not remember the past are doomed to repeat it." George Santayana