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Google says will buy back $70 bln in shares, posts earnings beat | Reuters (www.reuters.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 2 weeks ago (1 children)

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

[–] [email protected] 3 points 2 weeks ago

They are certainly manipulative (in the short term).

[–] [email protected] 3 points 2 weeks ago (1 children)

Is buying back shares the little guy winning?

[–] [email protected] 6 points 2 weeks 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.

[–] [email protected] 2 points 2 weeks ago (1 children)

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

[–] [email protected] 1 points 2 weeks 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.

[–] [email protected] 1 points 2 weeks ago

What is your valuation of Alphabet?