Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth::Only eight companies in the S&P 500 have larger market values than Apple’s outlay on share repurchases over the last decade.

  • @dirkle
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    -41 year ago

    Why? It’s a perfectly reasonable thing to do. The company sold stock to raise money. No reason they shouldn’t be able to buy back the stock they sold with the money they made.

    • @EmperorGormet
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      11 year ago

      They didn’t sell stock to raise money to buy their stock, that doesn’t make sense. They sell stock when they feel they need cash and/or they think they are fair/over valued. They buy stock when they have excess cash and/or feel they are undervalued. They also have to disclose both sales and purchases beforehand.

      • @dirkle
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        1 year ago

        I can see how my reply could be interpreted that way but that was not the intention. I meant they sell stock to raise money to fund their business, expansions, etc. Not to raise money just to buy their stock back.