DropBox has been retiring shares fairly consistently. This is generally used as an alternative to dividends, and is done primarily for tax efficiency.

Unfortunately this is the case when a company is beholden to investors. Investors aren't getting into the business of "making a steady stream of money without outsized growth" unless you are Warren Buffett.

Most investors are focused on multiplying their investment many times over, and generating hundreds of millions of dollars in net income a year is not big enough.

And this is one reason why the world is burning (literally and figuratively).