this post was submitted on 24 Apr 2025
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Google says will buy back $70 bln in shares, posts earnings beat | Reuters (www.reuters.com)
submitted 1 month ago by doodledup@lemmy.world to c/google@lemmy.world
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[–] madeinthebackseat@lemmy.world 11 points 1 month ago (1 children)

Keep in mind stock buybacks used to be illegal, given the perverse incentives they create.

[–] doodledup@lemmy.world 3 points 1 month ago

They are certainly manipulative (in the short term).

[–] PunkRockSportsFan@fanaticus.social 3 points 1 month ago (1 children)

Is buying back shares the little guy winning?

[–] doodledup@lemmy.world 6 points 1 month ago (1 children)

Buying back shares is Alphabet judging their own stock to be undervalued. Nobody knows whether that prediction is going to be correct or not. The "little guy" either does not care about this or joins the gamble.

[–] PunkRockSportsFan@fanaticus.social 2 points 1 month ago (1 children)

So google stock is buying the dip like “the man” signaled to “his guys”

[–] RestrictedAccount@lemmy.world 1 points 1 month ago

I must say that I’m not a Google person. I use their products as little as possible.

The Man I think you are referring to is trying to break up alphabet at this moment.

I don’t think there’s much love lost between them.

[–] doodledup@lemmy.world 1 points 1 month ago

What is your valuation of Alphabet?