hunterhacker

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rbreich , to Random
@rbreich@masto.ai avatar

Stock buybacks are lethal, literally https://robertreich.substack.com/p/stock-buybacks-are-lethal-literally?utm_source=dlvr.it&utm_medium=mastodon

hunterhacker ,

@rbreich I’d like to hear your academic argument against stock buybacks, one that wasn’t playing to the peanut gallery.

Clearly companies are supposed to return money to shareholders, via dividends or reducing share counts. That’s why people buy shares. Would you just prefer it be dividends?

rbreich , to Random
@rbreich@masto.ai avatar

I'm not saying we shouldn't worry about how China might be using TikTok to steal our data and manipulate us...

But why aren't we at least as worried about the U.S. billionaires who own the other apps stealing our data and trying to manipulate us?

hunterhacker ,

@rbreich Tackle one thing at a time. Much easier to have a rule against adversarial foreign influence than one limiting domestic overweight influence.

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