That’s exactly what it was - an opportunity to cash in. The other side of this coin is when you have supply shortages and/or a stock mkt run as we now have, som

That’s exactly what it was - an opportunity to cash in. The other side of this coin is when you have supply shortages and/or a stock mkt run as we now have, some companies end up with huge mkt caps and are able to make purchases like this one. There is an argument that says it’s destructive in a bad way (not Schumpeter’s ‘creative destruction’) because ultimately it reduces competition and innovation.