4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value : technology

[+] Tosti@feddit.nl 143 points 1 year ago* (last edited 11 months ago)

[deleted]

[-] carbonari_sandwich@lemm.ee 72 points 1 year ago

They were basically illegal until 1982. It was considered, and I believe still is, market manipulation.

[-] Magister@lemmy.world 54 points 1 year ago

I guess it was Reagan? again?

[-] Cosmonauticus@lemmy.world 34 points 1 year ago

You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence

[-] TropicalDingdong@lemmy.world 33 points 1 year ago

You can make a serious argument that Reagan caused more suffering than Hilter if you count the long term effects of his political influence

Can we not do this?

[-] Luckybuck@ttrpg.network 8 points 1 year ago

That's absurd.

[-] SinningStromgald@lemmy.world 12 points 1 year ago

The truth often is.

[-] riesendulli@discuss.tchncs.de 4 points 1 year ago

That Hilter guy sounds like small fish

[-] Aopen@discuss.tchncs.de 2 points 1 year ago

Is there list of flawed Reagan's policies? I only remember deregulating greenhouse emmisions

[-] Cethin@lemmy.zip 6 points 1 year ago

The thing he's worshiped for (decreasing taxes) is a blatently lie. Taxes on the average citizen were higher when he left office than when he entered. Taxes for the rich and businesses were lower though, unsurprisingly.

[-] afraid_of_zombies@lemmy.world 5 points 1 year ago

This is a start

https://www.ebaumsworld.com/pictures/the-true-story-of-reaganomics-8-simple-graphs/86146186/

[-] acceptable_pumpkin@lemmy.world 4 points 1 year ago

Pick any of his drug policies and you’ll have another failed policy

[-] ZodiacSF1969@sh.itjust.works 2 points 1 year ago

He failed to act on the AIDS epidemic until it was too late.

[-] June@lemm.ee 2 points 1 year ago

His sugar tariffs have driven food prices in the US far above the rest of the world.

[-] tb_@lemmy.world 10 points 1 year ago

Ding ding ding

[-] UltraMagnus0001@lemmy.world 11 points 1 year ago

Yay! Trickle Down Economics

[-] reddig33@lemmy.world 39 points 1 year ago

Didn’t buybacks used to be illegal?

[-] DragonTypeWyvern@literature.cafe 45 points 1 year ago

After they helped cause the Great Depression, yes.

[-] MaybeItWorks@sh.itjust.works 16 points 1 year ago

Good thing we learned from that.

[-] yoz@aussie.zone 2 points 1 year ago

[-] Sanctus@lemmy.world 35 points 1 year ago

The only thing trickling down is shit and piss.

[-] Hotdogman@lemmy.world 27 points 1 year ago

Any minute now the trickle down will start and everything will be fine. Any minute now...

[-] Veedem@lemmy.world 26 points 1 year ago

We need to go back to having buybacks be illegal. It’s money that SHOULD be spent on innovation, R&D, and more importantly, people.

[-] andrew@lemmy.stuart.fun 6 points 1 year ago

But you don't understand. This is about people. Like a dozen different people at least!

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