ousdahl wrote: ↑Wed May 18, 2022 6:48 pm
Yea.
cuz I’d rather prioritize people over profits in all facets of economy and society.
Stock buybacks don't increase profits. They just reduce the # of shares in circulation. Which is typically a good thing if you are someone who owns the stock. Nobody is forced to sell their shares.
They actually are a way to return cash to shareholders in many cases. Shareholders can be/are people like you and I. I own shares of countless publicly traded companies. Even owned shares of Abbot Labs until maybe 6ish months ago.
You should read up on stock buy backs. An informative article is below, although I am sure you won't read it since you seem to be an expert already.
https://www.investopedia.com/ask/answer ... shares.asp
Not to sound snarky, but it's almost like you don't understand why companies go public in the first place or what stock buy backs are or why they typically occur.