this post was submitted on 12 Aug 2023
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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 [email protected] to c/[email protected]
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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.

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[–] [email protected] 4 points 1 year ago

Prior to Reagan allowing changes, buying back stock wasn't allowed because it was seen as a manipulation of the stock market.

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