alt Hacker NewsDropBox has been retiring shares fairly consistently. This is generally used as an alternative to dividends, and is done primarily for tax efficiency.
Replies
AznHisoka • yesterday at 9:18 PM
Where do those shares then go? Are they just gone forever?
Or do they then turnaround and give them to employees?
If its gone forever, then… why? They just bought something and burnt it? Isnt that like a waste of resources?
The stock market, still to this day is a very very strange thing…
➕ show 4 replies
It's done to increase EPS per share and return cash to ongoing shareholders in a more tax friendly way, yes.