VoteEqualityMay 14, 2024
Robert Reich

Apple shares lost 10% of their value.

Then Apple announced plans to buy back $110 billion of its own stock.

After that, Apple shares had their best day since 2022.

There's a reason stock buybacks used to be considered illegal stock manipulations.

They should still be banned.

May 14, 2024 at 11:31pmWeb
Show threadObsoleteMay 15, 2024
@rbreich
Imagine where the DOW would be if they never made it legal
Show threadMartin RuskovMay 15, 2024
@SNerd @rbreich it would have been taken seriously by a lot more people. This is just one of many reasons millions of people around the world are reluctant to invest directly.
Show threadDan RileyMay 15, 2024

@rbreich At the very least, stock buybacks ought to have criteria disclosed far in advance and subject to the standard SEC filings.

And CEOs of major corps should not be compensated with stock options. Dividends would be an improvement.

Show threadfloydgumpMay 15, 2024
@rbreich Money has been a manipulation since its inception.
Show threadchebraMay 15, 2024
@rbreich I don't understand. How does this hurt anyone? I'm not an Apple fan, I just don't understand why should this cause any outrage.
Show threadUpLateGeekMay 15, 2024
@rbreich but how else are we supposed to allow big corporations to legally print money for themselves!?
Show threadBaron VonskinnbackMay 15, 2024
@rbreich this is why nobody should ever listen when they have those stories on the news saying that the stock market is rallying or in a bull run or having the greatest period of growth in decades because it doesn't mean shit for anybody else on the ground only people who earn their wealth off other people's hard work & poverty wages...