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A comment on Apple Q4 Results. Parent comment

Re:Apple Q4 Results by freehunter on Wednesday October 30, 2019 @07:13PM (#21404019)
Stock buybacks may be a way to give profits to the people who own the company, but they are also 100% financial engineering considering it has a direct impact on stock price and earnings per share.

Stock buybacks were illegal until 1982, being considered a form of stock manipulation. Even though it's legal now, it's still one of the best forms of stock manipulation.

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Re:Apple Q4 Results by dodobirdlord on Thursday October 31, 2019 @02:13AM (#21406140)
> it has a direct impact on stock price

A company buying its own stock at market price is a wash. The reduction in the value of the company and the increase in the value of each remaining share balance out.

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