this post was submitted on 30 Aug 2023
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4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value (markets.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.

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[–] KevonLooney@lemm.ee 0 points 1 year ago

put this money into the stock value itself instead of the company

It's the same thing.

manipulating the stock price

It's not because they announce it way ahead of time. Manipulation would be Apple buying a bunch of stock right before they announce the new iPhone, then selling after the announcement. That's very illegal.

Giving money to existing shareholders is completely legal (as long as you give it equally per share) because it's the shareholders' money. They own the company.