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That's exactly what a stock buyback is. https://www.investopedia.com/terms/b/buyback.asp https://www.investopedia.com/terms/b/buyback.asp

• ericmay 2y ago
  Stock buyback != "artificially drive up share price". Someone else provided a nice little breakdown [1] of how buybacks work in comparison with dividends. I recommend you read that, and also actually read the article that you posted instead of continuing to argue a point that you are incorrect about. Apple specifically has continued to return value to shareholders via stock repurchases over a long period of time. There's nothing artificial or abnormal about their stock buybacks, and you can do the research for yourself to compare their stock buyback programs with the company performance over time. [1] https://news.ycombinator.com/item?id=40247051 https://news.ycombinator.com/item?id=40247051
  • Timber-6539 2y ago
    Dividends have nothing to do with stock buyback and you obviously have a comprehension problem since the link I shared explains it in very clear terms. It's right there in the name. The intention of a stock buyback is for the company to buy/own more shares and this effect drives up demand for anyone looking to acquire those company's shares in the open market.
    • ericmay 2y ago
      I've already provided you with the necessary information and context to better understand share buybacks. It's up to you to understand that information because I can't do it for you. Best of luck in that endeavor and happy investing