@mneme@dice.camp avatar

mneme

@[email protected]

Joshua Kronengold. Playtester. Occasional designer. Filker, sf fan, coder, harper, and fiddler. Used to do a lot of Shadowfist things.

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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.

mneme ,
@mneme@dice.camp avatar

@rbreich Honestly I'm not sure what the difference is between dispersing extra cash with buybacks vs dividends. I guess it's significantly better for options-holders, who wouldn't benefit pre-exercise from dividends but do get the "hold" portion of the buyback benefits.

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