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> More importantly, it announces a 70 billion dollar stock buyback. I don't pay so much attention to investment news, but the last time I heard of huge buyback
by ftxbro 4y ago
> More importantly, it announces a 70 billion dollar stock buyback.
I don't pay so much attention to investment news, but the last time I heard of huge buybacks was when Intel decided to drastically cut back its research and development. It seemed to not be good for Intel. Or maybe it was good for the ones making those decisions, if they are getting bailed out by billions of government money, I don't know. Maybe I have cause and effect mixed? It could be possible.
- magicalist 4y ago> I don't pay so much attention to investment news Search for "$big_company stock buyback" and you'll find just about any of them there
- ftxbro 4y agoOK, does it usually mean some leading or lagging indicator that the company isn't doing well?
- pb7 4y agoApple has bought back roughly $75B per year since 2018, at least. https://ycharts.com/companies/AAPL/stock_buyback https://ycharts.com/companies/AAPL/stock_buyback
- CydeWeys 4y agoNot at all. It's literally just a more tax-efficient dividend. Everyone does it these days. Companies that are failing can't afford it; you can only do these when you have excess cash.
- deleted 4y ago[deleted]
- bushbaba 4y agoGoogle spends ~20B/quarter on stock based compensation. So It's really just a 50B buy-back if they do such a large buy-back each quarter. Otherwise share-holders would be diluted. https://www.macrotrends.net/stocks/charts/GOOG/alphabet/stock-based-compensation https://www.macrotrends.net/stocks/charts/GOOG/alphabet/stoc...