4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value::Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta’s combined spending.
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People aren’t fundamentally good. People are fundamentally social, and the social pressures and incentives of their society drives the way they act to a large degree.
In this case, it drives very rich people to do very messed up stuff to become even more very rich.
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