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i didn’t say every company was. this is mostly true of the mega cap companies. and it’s not misleading at all. Apple and Meta are both known to sell bonds aka
by tempsy 4y ago
i didn’t say every company was. this is mostly true of the mega cap companies.
and it’s not misleading at all. Apple and Meta are both known to sell bonds aka taking on debt for the primary purpose of buying back their own stock. that doesn’t have anything to do with their multibillion pile of cash.
- mulligan 4y agoMeta has sold a single bond, in August of 2022. That isn't a pattern and it isn't enough for them to be "known to sell bonds to buy back stock"
- tempsy 4y agoThey got caught in the hype and lost a lot of money. Apple has many times. I don’t know why this is suddenly a conspiracy that some mega cap tech firms used cheap debt to buy back their stock. It’s not. It’s actually the primary way that these companies hid dilution from investors due to employee stock comp.
- deleted 4y ago[deleted]