$Alphabet-C (GOOG.US)$ announced 70B shares buyback. 🤩
$Alphabet-C(GOOG.US$ announced 70B shares buyback. 🤩
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70882358 : 10 billion tradable shares
射手座小罗 : Tradable shares worth $70 billion ^_^^_^^_^
KMBS : Is that good for the stocks?
Lucky777 : This is the problem of corporations... they fire half the workers, stop their free lunch+free coffee, ask the staffs to buy their own staplers+pencils+pens... then, they use the cash for share buy backs so that the CEOs+upper management staffs who gave a lot of employees share options+institutional banks+hedge funds, can gain something from their stock investment
modest Crow_1687OP Lucky777: Many of them are useless. CEO doing good. Not only Google cut off employee. Shares holders no need to pay to them without doing nothing. Good for investment.
Lucky777 modest Crow_1687OP: how you know “many” are useless???
from what I see, the ceo and upper management are even more useless than the staffs, one simple “Bard” presentation also can make mistake...... after firing the lower tier staffs, they use company’s money to buy back their own shares becoz usually only the ceo+upper management get a lot of free employee share options at every year end. Low tier workers don’t get it (low tiered workers just get normal salary). From what I see here, the ceo is profiting himself+his friends only... Meta also doing share buy back, but at least meta is quite successful in trying to get tik tok banned... the question now is, can google get chatgpt banned since chatgpt is google’s no.1 competitor now? Lol...
modest Crow_1687OP Lucky777: I don’t think TikTok banned benefit for meta. YouTube shorts got advance.
Lucky777 modest Crow_1687OP: Hello!!! Meta owns insta ok.. insta has reels... didn’t you know meta owns Instagram??? If you don’t, you shouldn’t even be on trading at all....
tidy Penguin_3402 KMBS: Do you own a lot