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.

  • KevonLooney@lemm.eeEnglish
    1234·
    1 year ago

    Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.

      • KevonLooney@lemm.eeEnglish
        11·
        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.