336
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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.

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[-] reddig33@lemmy.world 45 points 1 year ago

Didn’t buybacks used to be illegal?

[-] DragonTypeWyvern@literature.cafe 49 points 1 year ago

After they helped cause the Great Depression, yes.

[-] MaybeItWorks@sh.itjust.works 19 points 1 year ago

Good thing we learned from that.

[-] Sanctus@lemmy.world 35 points 1 year ago

The only thing trickling down is shit and piss.

[-] Hotdogman@lemmy.world 31 points 1 year ago

Any minute now the trickle down will start and everything will be fine. Any minute now...

[-] donut4ever@lemm.ee 7 points 1 year ago

All I'm feeling from that trickle down thing is piss.

[-] Veedem@lemmy.world 27 points 1 year ago

We need to go back to having buybacks be illegal. It’s money that SHOULD be spent on innovation, R&D, and more importantly, people.

[-] andrew@lemmy.stuart.fun 7 points 1 year ago

But you don't understand. This is about people. Like a dozen different people at least!

this post was submitted on 30 Aug 2023
336 points (100.0% liked)

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