Buybacks are useful for many reasons, but one is that theyre good for people borrowing against their shares. If a lot of people have borrowed against their goog

Buybacks are useful for many reasons, but one is that theyre good for people borrowing against their shares. If a lot of people have borrowed against their google shares and now that interest rates are high want to pay back the loan without selling a dividend makes sense. Lots of other reasons too I think but much of it probably has to do with the change in interest rates.