this post was submitted on 12 Aug 2023
129 points (96.4% liked)

Technology

59314 readers
5268 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
129
Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth (markets.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
11 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] Pringles@lemm.ee 8 points 1 year ago

While absolutely true and I believe it should be illegal, Apple is not exactly strapped for cash. If there is one company that could afford buybacks, without hurting their investments, payroll, r&d, hell, even their bottom line hardly budges with these buybacks. They had 166B profit in the last 12 months...