Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.

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.

    • Gadg8eer@lemmy.zipEnglish
      5·
      1 year ago

      Ideally. Unfortunately, the people doing the buybacks now are no different than 19th century industrial barons; once they have a household name due to sheer wealth, they stop pretending (if they even bothered to in the first place) that they’re in any way good people.

    • eee@lemm.eeEnglish
      1·
      1 year ago

      as then the company is no longer saddled with their primary responsibility as making money for their stockholders.

      Hah! If only that were true.

        • eee@lemm.eeEnglish
          2·
          1 year ago

          What I’m trying to say is, these companies don’t use stock buybacks with the intention of going private. They’re doing stock buybacks to keep the stock price high, so they continue to please stockholders.

          Stockholder pleasing is unfortunately not going away anytime soon.