alt Hacker NewsStock buyback isn't a total scam as it seems, but it does mean "we can't figure out any productive use case for this cash in advancing R&D or scaling our business anymore" which is still pretty worrying
Replies
yen223 • today at 2:04 AM
I suppose stock buybacks are similar to dividends in that regard
petesergeant • today at 2:05 AM
By that logic, any profit a company distributes to shareholders is worrying.
It’s more like, “the executives with lots of shares can’t see how to make the company grow, so they’ll just use profits to pump up the share price for their gain”.
I deeply feel buybacks shouldn’t be illegal but treated shamefully.
Instead of using profits to build up long term savings or fund R&D, they basically choose to do as little as possible.
There is no vision.