345
submitted 8 months ago by L4s to c/technology

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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[-] reddig33 45 points 8 months ago

Didn’t buybacks used to be illegal?

[-] [email protected] 54 points 8 months ago

After they helped cause the Great Depression, yes.

[-] [email protected] 20 points 8 months ago

Good thing we learned from that.

[-] Sanctus 39 points 8 months ago

The only thing trickling down is shit and piss.

[-] Hotdogman 32 points 8 months ago

Any minute now the trickle down will start and everything will be fine. Any minute now...

[-] Veedem 28 points 8 months ago

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 8 months ago

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

this post was submitted on 30 Aug 2023
345 points (97.0% liked)

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