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rbreich , to Random
@rbreich@masto.ai avatar

Apple shares lost 10% of their value.

Then Apple announced plans to buy back $110 billion of its own stock.

After that, Apple shares had their best day since 2022.

There's a reason stock buybacks used to be considered illegal stock manipulations.

They should still be banned.

chebra ,
@chebra@mstdn.io avatar

@rbreich I don't understand. How does this hurt anyone? I'm not an Apple fan, I just don't understand why should this cause any outrage.

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