You are on solid grounding to say that this isn't exactly new. Not uncommon to have wash sales of real estate or general art pieces. Probably more common to h

You are on solid grounding to say that this isn't exactly new. Not uncommon to have wash sales of real estate or general art pieces. Probably more common to have books and such "bought" to increase the sales ranking driven up. That said, stock buyback is very different. They are buying back their stock from people that bought it previously. The whole point is to reduce circulation of stock, and for that you have to reduce volume out there, which means not introducing new stock that you buy at a higher price. (Which, could be done, but is unlikely to make much sense.) A lot of this is from misunderstandings on how stock makes money for companies. Many assume that "Meta price up means they have more money," but as they have not released new stock in a while, prices of existing shares going up doesn't really do much for them as a company.