alt Hacker NewsThis is partly due to tax policy. Investors don't want this. Distributing dividends is less efficient capital distribution because those capital gains are immediately taxed rather than be deferred into a higher share price with no tax drag.
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HDThoreaun • yesterday at 8:18 PM
This is why every tech company does buybacks(other than meta which started a dividend when Mark got sick of high interest rates on his debt, they still mainly do buybacks though)
Oh no, capital would be taxed!
Don't threaten me with a good time.